Europe: Stocks suffer monthly decline as growth worries come to fore

The Business Times | Aug 1, 2020 at 2:00 AM
  • European stocks posted their first monthly decline since a market selloff in March on Friday as growing doubts over a global recovery from the coronavirus crisis overshadowed a batch of strong earnings from technology firms.
  • Technology stocks were among the few gainers, up 0.7 per cent after forecast-beating results from Wall Street’s tech majors on Thursday.
  • Nearly 50 per cent of the companies listed on the Stoxx 600 have reported quarterly earnings so far, and 64 per cent of those have surpassed beaten-down profit expectations.