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European stocks pared losses after the European Central Bank said it will slow down the pace of its pandemic bond-buying program in a sign of confidence in the region’s economic recovery.
The Stoxx 600 Europe Index was 0.2% lower by 2:15 p.m. in London. It had earlier dropped as much as 0.9%. Cyclical sectors were mainly under pressure, with energy stocks dropping the most, while travel and leisure declined, weighed down by an 11% slump
