European stocks and Dow futures trade lower amid earnings deluge and on worries about slow recovery - MarketWatch

European stocks traded lower on Thursday on the busiest day of second-quarter earnings season, with concerns mounting about a sluggish economic recovery and a possible second wave of the coronavirus pandemic.

The Stoxx Europe 600.

economy, where Federal Reserve Chairman Jerome Powell again said the central bank was not even “thinking about thinking about” lifting interest rates, as second-quarter gross domestic product numbers are expected to reveal a 35% annualized drop when they are released at 8:30 a.m.

Prime Minister Boris Johnson fears a second wave of coronavirus in two weeks, the Daily Mail reported, citing a Downing Street source.

Globally, total coronavirus cases passed the 17 million mark.

Earnings per share of Stoxx Europe 600 companies have dropped 42% in the second quarter, according to FactSet Research data on the 40% of results so far.

shares surged 6%, as the Budweiser brewer’s profit for the second quarter came in below estimates after a write-down of its African business.

took a $16.8 billion write-down and said that due to the lag in contracts, the impact of low oil prices is expected to become more significant in the third quarter, and rival Total

pharmaceutical giant reported its second-quarter net profit surged and said late-stage trials for the coronavirus vaccine it is developing with University of Oxford researchers are under way

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