Investors braced for historic eurozone recession amid pandemic chaos – business live

Rolling live coverage of business, economics and financial markets as deepest GDP fall on record expected

9.30am BST

The FTSE 100 is trundling along, as might be expected in late July (even if we do have a fair few dramatic company results to contend with).

But while a 0.5% gain makes for a relatively relaxed Friday, it has not been a good month for investors in Britain’s biggest public companies, which are on course for a monthly decline.

The FTSE 100 did its best to fight back on Friday, climbing 0.5% to 6,022, yet that still puts the index down 2.4% on the month and 7.1% below the 5 June high following the market crash earlier this year.

Tobacco, banks and media have been the worst performing FTSE 350 sectors in July.

9.14am BST

Here are the full stories for two of the big issues this morning: NatWest’s massive loan impairment and British Airways owner IAG’s even bigger fundraising effort.

Related: NatWest pushed to £1.3bn loss by coronavirus crisis

Related: British Airways owner IAG to raise €2.75bn after record loss

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Source: theguardian
Investors braced for historic eurozone recession amid pandemic chaos – business live