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Published on Tuesday, July 30, 2019

Market Comment | Gloomy Eurozone outlook weighed on European equities

Disappointing economic data in the eurozone, along with lower expectations of China-U.S. agreement dragged equity markets. Meanwhile, bond markets await for tomorrow’s Fed monetary decision.

Key points

  • Key points:
  • GBP extended its depreciaiton trend due to mounting fears over no-deal Brexit on October 31.
  • Eurozone economic sentiment decreased, while France 2Q19 GDP fell short of expectations.
  • European equity markets declined sharply.

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