European stock markets downbeat on growth concerns

LONDON: European stock markets fell on Thursday on concerns about an uncertain global economic outlook as disappointing company results added weight to lingering disquiet about the China-US trade war.

Britain would slide into a year-long recession should it leave the European Union without a deal on future economic relations with Brussels, the government's official forecaster said on Thursday.Market analyst Fawad Razaqzada remarked that concern about the global economy has been offset so far by central banks indicating they would trim interest rates, if they had not already done so.

The corporate earnings report season has produced"the tough start that many anticipated," said Craig Erlam, analyst at Oanda trading group. Tokyo led stock market losses on Thursday, sinking two per cent as it was hit by a stronger yen and data showing another drop in exports owing to falling demand and global trade uncertainty.

Source: News Formal (newsformal.com)

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