"The impression it gives the world is that Europe is disjointed, and that will reinforce the view that the overall response will be slower and less impressive than elsewhere," said Kit Juckes, a macro strategist at Societe Generale in London.
UK insurers, including Direct Line and Aviva PLC , were among the biggest decliners on the Stoxx 600 after they cancelled more than 1 billion pounds of dividends on Wednesday to conserve funds to tackle the fallout from the pandemic. The pan-region benchmark index has gained about 20 per cent since hitting an eight-year low on March 16, boosted by aggressive global stimulus measures, but remains 25 per cent below its all-time high.
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