Fading stimulus hopes and new French restrictions topple European stocks

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European stocks slump on fading U.S. stimulus hopes, new French restrictions

European stocks slumped Thursday, with investors concerned about the impact of a second wave of coronavirus on the economy without any imminent stimulus to cushion the blow.

Decliners included airlines Deutsche Lufthansa LHA, -4.75%, International Airlines Group IAG, -4.39% and Air France-KLM AF, -2.70%, and hotel operators Whitbread WTB, -5.34%, Accor AC, -5.40% and InterContinental Hotels IHG, -2.64%.With coronavirus on the rise, France announced a new curfew in Paris and other major cities, as U.K. media speculate about imminent restrictions due to hit London.

 

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