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Europe close: Stocks hit by poor US data, jump in Covid-19 cases in Spain
Stocks were pummeled as economic data in the US showed record falls in retail sales and in factory activity in the New York area, underscoring the toll that the Covid-19 pandemic could be expected to take on the economy.
Thursday preview: US data, Avast in focus
Investors' attention will continue to be on the US economy and in particular on its jobs markets.
FTSE 250 movers: JD Wetherspoon hit by expectations for prolonged period of low demand
Leisure-related shares paced declines on the second-tier index on Wednesday, as investors' attention pivoted back to the sector as risk appetite soured on the back of exceedingly weak economic reports and corporate updates Stateside.
US industrial production plummets in March with auto output weakest
US industrial output plummeted in March in the wake of the Covid-19 pandemic which resulted in broad based weakness across all sectors, but above all in the automotive space.
Goldman Sachs Q1 profits plummet as credit provisions soar
Goldman Sachs posted a large drop in earnings as the lender was forced to more than triple its provisions for credit losses.
Empire State index crashes in April as Covid-19 batters eastern seaboard
Manufacturing in the state of New York and some of the surrounding areas was battered as the region was hit by the Covid-19 coronavirus, a closely-followed survey revealed.
US retail sales crash in March in the wake of Covid-19
Retail sales in the US fell at a record pace in March as the coronavirus pandemic swept across the country.
Europe midday: Stocks dragged lower by downdraft in oil prices
Stocks on the Continent were being dragged lower by another slide in crude oil prices, even as investors braced for what were expected to be a grim set of economic data releases in the States.