In the international market European stocks declined for a fourth consecutive day on last closing day, though they minimized losses after Britain's Finance Minister Rishi Sunak announced billions of pounds more of financial assistance for Covid pandemic-hit businesses. London's FTSE-100 erased losses to end up 0.2 percent, while the mid-caps index rose 0.5 percent. The pan-European STOXX 600 recovered from losses of up to 1.2 percent to close down 0.1 percent

Rishi Sunak's announcement highlights the expectation that other nations will also remain duly supportive to avert economic fall down, as stated by Joshua Mahony, senior market analyst at online trader IG. Europe's travel and leisure sector, the covid-19 pandemic's worst casualty, jumped 1.6 percent, with London's Trainline, bookmaker GVC Holdings and British Airways owner International Consolidated Airlines leading gains.

The German DAX declined 0.1 percent as a survey indicated consumer morale in Europe's largest economy dipped heading into November. With coronavirus cases climbing up in Europe, traders presume that next week will be on the European Central Bank's next move.

Spain became the first Western European nation to exceed 1 million infections on Wednesday, while Italy witnessed a record rise in daily cases. The number of confirmed cases in Germany climbed by over 10,000 for the first time in a single day.  Analysts say that while an immediate ECB intervention is not warranted given the stimulus already being provided, there is now a substantial possibility of an announcement next week.

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