European stocks trim losses as ECB slows bond buying on recovery

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