Europe Inc’s profit becomes worse in 2020, the effect of Coronavirus
LONDON – Europe’s market revenue were anticipated to decline this week as the vast spread of the pandemic coronavirus outbreak sparked terror and fright to the worldwide economy. This was according to leading global Refinitiv’s findings on Tuesday.
STOXX Europe 600 is slated to affix a 3.1% decrease in their first quarter income (January to March) falling from the 1.4% drop expectations last week. This stock index has 600 capitalization companies among 17 European countries.
Commentators watched Europe to end its decreased economic activity in the last quarter of 2019. However, the supply and demand of the continent really got hit by the virus.