(For a live blog on European stocks, type LIVE/ in an Eikon
* Asian, U.S. stocks recover from stimulus doubts
* STOXX 600 down after four days of gains
* Beverage, mining companies rise after bullish brokerage
Oct 7 (Reuters) - European stocks mostly fell on Wednesday,
failing to join a recovery in global equities following a
selloff on doubts over U.S. stimulus, with blue-chip shares
weighing the most.
The pan-European STOXX 600 index edged 0.1% lower
to break a four-session winning run. Blue-chip stocks
The healthcare sector was the biggest drag, with
telecom, media and real estate stocks
Asian markets and Wall Street stocks rebounded strongly from
overnight losses triggered by U.S. President Donald Trump
calling off talks over a coronavirus relief package until after
Later on, however, Trump urged Congress to provide $1,200
stimulus checks for Americans and other support for airlines and
"You can look at this as partly a negotiating tactic," said
Craig Erlam, senior market analyst at Oanda in London. "You call
off talks now in the hopes that the Democrats will cede a little
bit of ground. But I'm sceptical we'll get one before the
The benchmark STOXX 600 hit a two-week high earlier this
week on reports of improvements in Trump's health after he
tested positive for COVID-19, although trading has been choppy
amid uncertainties about the November election.
Positive earnings reports and upbeat brokerage
recommendations helped limit the losses in Europe.
German logistics group Deutsche Post AG jumped
3.9% as it said it expected "exceptionally strong" business up
to Christmas as ecommerce keeps booming during the pandemic.
Dialog Semiconductor rose 3.2% after it forecast
better-than-expected revenue in its third quarter.
Miners rose after JP Morgan took an "extreme
overweight" position, citing a boost to the sector from China's
recovery and potential U.S. stimulus.
BHP, Anglo American and Rio Tinto
gained more than 2%, boosting UK's commodity-heavy FTSE 100
Beverages companies AB InBev, Heineken,
and Pernod Ricard rose between 1.3% and 3.5% after
Jefferies upgraded the stocks to "buy", while double upgrading
Britain's biggest supermarket chain Tesco slipped
0.7%, giving back gains after it reported a jump in sales.
Nexi slid 5.7% after top shareholder Mercury UK
Holdco said it was selling 13.4% of its stake in the Italian
payments group, a day after Nexi announced a merger with rival
(Reporting by Sruthi Shankar; Editing by Arun Koyyur, Kirsten