Despite a turbulent week and strong finish on Friday, and a fairly decent US payrolls report, European stock markets still finished the week lower as concerns grow that the economic outlook that looked so strong at the beginning of the year, continues to look a little on the weak side, against a backdrop of increasing trade tensions, an increasingly uncertain political backdrop, and the formation of new governments in Italy and Spain.
The latest manufacturing PMI’s for May while still positive for all four major European economies have continued to slide back from their peaks, showing little sign of stabilising […]
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