The benchmark Stoxx 600 has recovered 24 per cent since hitting an eight-year low in March, powered by a raft of global stimulus, but gains were subdued in the past week with economic data and quarterly earnings underlining the business impact of lockdown measures.
Ms Jablonski expects a recovery in European economies by the end of 2020 and a return to growth in 2021."I just think it's a multi layered crisis," she said. Lifting the mood further on Friday, a report gave encouraging data from trials of Gilead Sciences' experimental drug remdesivir in severe Covid-19 patients.
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