European Central Bank

U-shaped economic recovery likely

Recession likely to last for 'at least a year'

While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.

European equities have declined 26% during 2020 owing to the rapid spread of the Covid-19 pandemic. Consequently, economic activity indices have declined to multi-year lows.

'Let the buyer beware'

Investors are grappling with the huge uncertainty caused by the global Covid-19 pandemic. The human and economic impact has been dramatic, both in its magnitude and in its velocity.

$57.9bn of trading losses for the month

Former Obama-appointed US Treasury official on recession outlook

Following calls from regulators to cut payouts

Investors could be forgiven for thinking that nowhere is an immediately appealing prospect for investment right now, least of all Europe.