Coronavirus latest: ECB’s chief economist warns of no room for complacency on eurozone rebound

Coronavirus latest: ECB’s chief economist warns of no room for complacency on eurozone rebound

Working from home sent shares of the connected fitness group Peloton to a record high in after-hours trading. Peloton said revenues in the three months ending June 30, its fourth fiscal quarter, grew 172 per cent from a year ago to $607.1m.

A sell-off in US stocks resumed on Thursday, as Congress failed to make progress on a new stimulus package and signs emerged that improvements in the US labour market have stalled. The S&P 500 index closed lower by 1.8 per cent, while the tech-heavy Nasdaq Composite dropped 2 per cent.

Republicans in the Senate failed in their efforts to advance new economic stimulus measures worth about $500bn, after Democrats voted to block the legislation because the package was too small to tackle the scale of the downturn still facing the