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Europe shares drop on worries about the recovery of the US economy

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  2. Europe shares drop on worries about the recovery of the US economy

14 May 2020

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Europe shares drop on worries about the recovery of the US economy

( Reuters ) – European stocks fell on Thursday as US officials’ comments reinforced fears of a long-term economic downturn due to the outbreak of the Corona virus, as investors awaited fear of a second wave of infections..
The inn index Stoxx 600 European and one percent by the time 0715 GMT, surpassing the lowest level in a week and that it reached on Wednesday after Jerome Powell warned the Reserve Chairman of the Federal ( US central bank ) from a recession worse than any similar situation since World War II, called for spending Additional money.
Shares of auto companies, technology and banks led the decline, while Tim Viwar fell 6.3 percent after direct investment company Permira sold 1.03 billion euros ( $ 1.1 billion ) in the German software company.
Airbus stock fell 1.6 percent after a report said that the Aviation and Space Group is studying restructuring plans that involve the possibility of major job cuts, industry sources said..
In contrast, the shares of the European operator, Euronext, gained 5.1 percent after the company announced a 55 percent jump in quarterly revenue, partly driven by heavy trading in March, which supported the profits of some banks and brokerages..

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Technical Economic Consulting Company was established in 2012, it was established by a team of investment professionals to become one of the leading investment companies to provide the best management consulting services to local international companies and institutions. Since its inception, the company has continuously expanded to become one of the largest leading consulting firms in the region through its branches located in the Arab world as well as representative offices in Europe.

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