European Stocks Rise as Brexit Talks, Vaccine Outweigh Lockdowns
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European shares gained on Monday as optimism about a post-Brexit trade deal, and the impending deployment of the first vaccine in the U.S., outweighed concerns over new virus restrictions.
The Stoxx 600 Europe Index advanced 0.4% by the close in London, led by retail and banking shares. The energy sector slumped after OPEC cut forecasts for oil demand again.