Top financial market stories of the week

Monday 6th July 2020-Friday 10th July 2020

1. The European Commission cuts economic forecasts for Eurozone — Tuesday

The European Commission has warned that the Eurozone’s economic contraction is likely to be larger than expected, as coronovirus lockdowns in many countries across the zone have begun to ease. In its latest report the Commission stated the combined economic output of the 19 countries that share the euro will fall by 8.7% in 2020, a steeper decline than the 7.7% forecast…