European stocks nudge higher as stimulus hopes outweigh virus woes

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European stocks inched higher on Wednesday as hopes of additional stimulus for Germany and France outweighed worries about rising cases of COVID-19 across the continent.

was flat, with global markets in a holding pattern ahead of the U.S. Federal Reserve Chairman Jerome Powell's speech on Thursday that could offer clues on what steps the central bank is willing to take to safeguard a fragile economic recovery.

The pan-European STOXX 600 index rose just 0.1%, held back by fears after two confirmed cases of coronavirus re-infections in Europe raised concerns about people’s immunity to the virus. “We’ve had a disappointing set of flash PMIs last week, which gives you an impression that after the initial rebound, the recovery is going to stall,” said Andrea Cicione, head of strategy at TS Lombard.

 

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Virus fatigue hopefully setting in COVID19 ,hopefully the media catches on

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