European Equities Fall After Vaccine Blow, Stimulus Stalemate
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European stocks declined on pessimism over deadlocked U.S. stimulus talks and a setback in coronavirus vaccine development.
The Stoxx Europe 600 Index closed down 0.6%, with banks and insurers falling the most. U.S. President Donald Trump urged Congress to “Go big or go home!!” on a coronavirus stimulus package, directly contradicting Senate Majority Leader Mitch McConnell’s plan to put a narrow bill on the Senate floor next week.