(Reuters) - European stocks paused on Friday after gains through the week as another record surge in U.S. coronavirus cases dulled optimism from a brisk recovery in China's services sector. The pan-European STOXX 600 index was largely flat after opening marginally higher, with trading volumes thinned by a U.S. market holiday. Technology stocks led the gains, rising 0.7%, while banks, insurers and oil & gas fell after a strong rally in the previous session. The benchmark index was headed for a 2.8% weekly gain as hopes of a COVID-19 vaccine and a series of strong data pointed to a global economic recovery from the health crisis.

Source: International New York Times July 03, 2020 07:48 UTC