European markets mostly close lower as stocks collapse in final hour – Nasdaq

European markets mostly close lower as stocks collapse in final hour – Nasdaq

(RTTNews) – European markets ended lower on Friday, with stocks abandoning early gains after a massive selloff in the final hour, as the mood turned bearish amid concerns over the economic impact of the coronavirus pandemic .

A preliminary flash estimate released by Eurostat, which showed the euro area economy contracted at the fastest pace on record in the second quarter amid the coronavirus…

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