UPDATE 1-European shares slide as EU stimulus fails to impress [Reuters]
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Source: Reuters
UPDATE 1-European shares slide as EU stimulus fails to impress (For a live blog on European stocks, type LIVE/ in an Eikon news window) * All the major European bourses trading lower * UK March retail sales crash at record pace * Banking index leads declines among European sectors * Nestle gains on stockpiling demand ahead of lockdown (Adds comments, details; updates prices) By Sagarika Jaisinghani April 24 (Reuters) - European stock markets fell on Friday with investors disappointed by the lack of details in a trillion-euro emergency fund agreed by the bloc’s leaders as evidence grew of the global damage wrought by the coronavirus crisis. After weeks of squabbling, EU leaders approved an immediate rescue package of about 500 billion euros but left the divisive details of a bigger fund until the summer, sending the pan-European STOXX 600 index down 1.2% in early trading. The slide put the benchmark index on course to end a two-week winning streak, adding to a selloff driven by a histo
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