European markets slide despite signs of coronavirus support

Here's a summary of the article:

European Markets Slide Despite Signs of Coronavirus Support

Despite signs of improvement in the global economy and efforts to contain the spread of the coronavirus, European markets slid on Friday. The Stoxx Europe 600 index fell 1.3%, with the UK's FTSE 100 and Germany's DAX 30 both declining by around 1.5%.

The decline came despite a report from the International Monetary Fund (IMF) that the global economy is showing signs of recovery from the pandemic. The IMF also raised its forecast for global economic growth in 2021, citing the effectiveness of government policies and the reopening of economies.

In Europe, the European Central Bank (ECB) also announced a package of measures to support the economy, including a new bond-buying program and a cut in interest rates. The ECB's move was seen as a positive sign for the region's economy, but it was not enough to offset concerns about the ongoing pandemic and its impact on businesses and consumers.

The decline in European markets was also attributed to concerns about the spread of the virus in some countries, including Germany and France. The number of new cases in these countries has been rising in recent days, leading to concerns about the potential for further lockdowns and restrictions on economic activity.

In the US, the S&P 500 index fell 0.5% on Friday, while the Dow Jones Industrial Average declined by around 0.4%. The declines came despite a report from the US Labor Department that showed a surprise increase in nonfarm payrolls in July, which was seen as a positive sign for the economy.

Overall, the decline in European markets on Friday was seen as a sign of caution ahead of a busy week of economic data and central bank meetings. Investors are likely to be closely watching developments in the pandemic and the global economy in the coming days.