European shares hit three-week low on doubts over speedy recovery
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(Reuters) - A wave of selling hit European shares on Thursday amid investor fears of a prolonged economic downturn due to the coronavirus pandemic, driving euro zone banks to all-time lows at one point.The pan-European STOXX 600 closed down 2.2% to hit its lowest level since April 22.After recovering sharply from mid-March lows with help from massive stimulus actions, the STOXX 600 has shed about 4% in May on worries that the early easing of lockdowns by certain countries will cause a second..