- Europe’s biggest economy shrank 10.1% in Q2, biggest drop since records began 50 years ago
- US is likely to have contracted at fastest pace since Great Depression
- Mid-morning summary
- Introduction: Lloyds, Shell post big losses
11.11am BST
Here is our full story on Airbus. The Toulouse-based planemaker has been hit hard by the collapse in air travel, and received only eight new orders between April and June, compared with 290 in the first quarter.
Related: Airbus slows plane-making as Covid-19 leads to £1.7bn loss
11.08am BST
Economic sentiment in the eurozone rose more than expected in July when Covid-19 lockdowns were eased, with the sharpest gains in industry and the service sector, while consumers became more gloomy, according to the European Commission.
Its economic sentiment index rose to 82.3 points in July from 75.8 in June, which was revised higher.
European Commission’s #Eurozone #economic sentiment indicator up to 82.3 in July; was 75.8 in June, 67.5 in May & 64.8 in April (lowest since survey began in 1985). July rises in industry, services (especially) & retail sentiment. Slight dip in consumer confidence & construction
Source: German economy in sharpest decline since 1970, as markets await US GDP – business live
Category: Business, Stock markets, Currencies, Commodities, Asia Pacific, World news
