Market comment

Record GDP contractions hurt investor sentiment

DAVY VIEW

Equity markets suffered substantial declines on Thursday as European and US GDP data confirmed the enormous economic damage from COVID-19 restrictions in Q2 2020. The mood music is unlikely to improve markedly today, with French GDP down 19% and Italian, Spanish and euro area GDP figures to be released later this morning.

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Jul 31 2020, 07:55 IST/BST

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