[BENGALURU] Miners and banks led declines in European stocks, hit by a wave of selling across global markets on Thursday after the US Federal Reserve signalled a long path of recovery for the world's largest economy. Read more at The Business Times.
"The impact of this is not yet evident in the official economic data, but the high frequency figures show a clear flattening of activity – this will undoubtedly come through in the data," Derek Halpenny, head of research for global markets EMEA at MUFG, wrote in a note.
A full bounceback from the euro zone's deepest recession on record will take two years or more, a Reuters poll showed, with economists saying there is a high risk of the job recovery reversing by the end of 2020. Among individual stocks, Chilean miner Antofagasta fell 5.6 per cent after it posted a 22.4 per cent plunge in first-half core earnings on lower copper sales, but said it would pay an interim dividend.
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