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European stocks fall for a third week amid concerns about Trump’s policies

European stocks fall for a third week amid concerns about Trump’s policies

The European STOXX 600 index closed down 0.6 percent, with the mining and luxury goods sectors exposed to China losing more than three percent each.

And revealed China announced a 10 trillion yuan ($1.40 trillion) package on Friday to address local authorities’ debt problems, disappointing investors who expected a financial uprising.

Most French luxury goods companies’ shares fell, with LVMH shares falling 3.3 percent and Kering Company shares falling 8 percent.

The European index recorded weekly losses amounting to 0.2 percent, as investors await the possibility of imposing customs duties after Trump returns to the presidency of the United States.



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