European stocks fell on Wednesday, with earnings reports and traders waiting for the United States to agree its latest stimulus package.<\/p>\n\n\n\n
At 07:55 GMT, the German DAX edged up 0.5%, the FTSE gained 0.6%, and the French CAC added 1%.<\/p>\n\n\n\n
A day after European leaders signed the historic \u20ac 750 billion recovery package to revive Covid-19 pandemic-affected economies and the bloc\u2019s budget for the next seven years, worth $ 1.1 trillion, the focus is now shifting to the ratification process.<\/p>\n\n\n\n
Elsewhere, oil prices rebounded after the increase in crude oil stocks in the United States, indicating a decline in demand from the world’s largest oil consumer.<\/p>\n\n\n\n
The American Petroleum Institute reported late on Tuesday that American stocks rose last week by 7.5 million barrels, when expectations were for a small draw.<\/p>\n\n\n\n
At 3:55 AM ET, US crude futures traded 0.7% lower at $ 41.61 a barrel, while the benchmark Brent International Index fell 0.5% to $ 44.08.<\/p>\n\n\n\n
Gold futures rose 0.5% to $ 1,853.55 an ounce, while EUR\/USD traded at 1.1517, down 0.1% on the day.<\/p>\n","protected":false},"excerpt":{"rendered":"
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