European shares slid in thin summer trading on Friday as travel stocks took a hit after Britain added more countries from the continent to its quarantine list, while weak retail sales data from China raised doubts over the pace of an economic recovery.
“What we have got is a significant amount of uncertainty over the evolution of coronavirus pandemic, which is maintaining a risk premium for the transportation, leisure and hospitality sectors,” said Alastair George, head strategist at Edison Investment Research.
Official data, due for release at 0900 GMT, is likely to confirm that euro zone economy suffered its deepest contraction on record in the second quarter. Investors also await progress in negotiations over U.S. economic stimulus, a factor that has helped push U.S. stocks to near all-time highs.
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