Global stocks fall on worries over EU stimulus details, coronavirus drug

Global stocks fall on worries over EU stimulus details, coronavirus drug

European stocks were 0.3% lower, with London's FTSE 100 shedding 0.6% as data showed UK retail sales crashed in March.. A lot of good news has already been priced in and news that the number of deaths had increased in the U.S. was also a warning sign for investors.". Avoiding another all-night bust-up, EU leaders agreed on Thursday to build a trillion euro emergency fund to help recover from the coronavirus pandemic, while leaving divisive details until the summer.. French President Emmanuel Macron said differences continued between EU governments over whether the fund should be transferring grant money, or simply making loans.. The banking index led the declines in European stocks after S&P cut Commerzbank's credit rating by a notch and lowered its outlook for Deutsche Bank to negative from stable..