European stock markets endure worst week since June

Wall Street also tumbles as global markets fear economic fallout from new Covid-19 restrictions

Stock markets in Europe have had their worst week since June after investors shrugged off record-breaking growth for the eurozone and focused on the likely impact of fresh lockdown restrictions.

Amid growing fears that a second wave of Covid-19 would end the west’s recovery and even threaten a double-dip recession, news of a near 14% quarterly jump in the GDP of the single currency zone did nothing to lift the mood.

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