ECB's president Lagarde urges EU leaders to quickly set up strong and flexible recovery fund - Reuters reports, citing an EU official

Market news

23 April 2020

ECB's president Lagarde urges EU leaders to quickly set up strong and flexible recovery fund - Reuters reports, citing an EU official

Warns EU leaders about the risk of doing too little and too late to shield the economy from the effects of the coronavirus pandemic
Says that in a severe downturn scenario, Eurozone GDP can shrink as much as 15% this year, and that contraction can be 9% in middle scenario

European stocks closed: FTSE 100 5,821.14 +50.51 +0.88% DAX 10,513.79 +98.76 +0.95% CAC 40 4,451.00 +39.20 +0.89%

U.S. Jobless Claims: Above expectations but below last week – BMO

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