Europe Stocks Snap Two-Day Gain as Traders Weigh China Stimulus
European stocks snapped a two-day gaining streak as investors weighed the sustainability of China’s rally on its stimulus package.
The Stoxx Europe 600 Index fell 0.3% as of 8:17 a.m. in London. Most sectors were in the red. Banks, energy and utility stocks led losses while miners were supported by another strong day for iron ore, thanks to speculation that China’s mammoth stimulus package would help to bolster demand. Luxury and healthcare also gained.