European stocks end lower as COVID-19 economic toll becomes clearer
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(Reuters) - European shares ended down on Friday, closing the week lower as dismal business activity data heralded a deep economic and earnings recession due to the novel coronavirus outbreak. The pan-European STOXX 600 index closed 1% in the red, with insurers dragging the most after a European Union regulator asked them to suspend dividends and share buybacks to shore up liquidity.The index fell about 0.6% for the week. Still, it appeared to have gained a measure of stability after sharp..