European stock markets are mostly declining today

European stock markets are mostly declining today Western European stocks are mostly down during trading today despite UK approval of coronavirus vaccines from Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX).

The UK is the first country to approve this COVID-19 vaccine. The country's Ministry of Health reported that "vaccine will be available in the UK from next week".

The composite index of the largest enterprises in the region Stoxx Europe 600 by 12:14 Moscow time dropped by 0.15% and amounted to 391.33 points.

The German indicator DAX by 12:39 Moscow time fell by 0.29%, the French CAC 40 - by 0.14%, the Italian FTSE - by 0.41%. At the same time, the British FTSE 100 indicator rose by 0.17%, the Spanish IBEX 35 by 0.41%.

Investors are also watching the discussion of new measures to support the US economy. A bipartisan group of US congressmen has proposed a new stimulus package worth more than $ 900 billion. Federal Reserve Chairman Jerome Powell and US Treasury Secretary Stephen Mnuchin, who spoke on Tuesday to the Senate Banking Committee, expressed support for the proposal. However, Senate Majority Leader Mitch McConnell rejected the new proposal, favoring a smaller package..

Meanwhile, the EU's chief negotiator in negotiations with the UK, Michel Barnier, told EU ambassadors on Wednesday that Brussels may not reach a trade agreement with London by the end of the year due to continued differences on several key issues, writes The Daily Express.

Retail sales in Germany in October 2020 rose 2.6% from the previous month, according to data from the country's Federal Statistical Office (Destatis). Analysts expected 1.2% sales growth, according to Trading Economics.

Traders on Wednesday also await the release of Eurostat data on unemployment in the euro area in October.

Shares in UK-based security provider G4S Plc jumped 7.8% after Canada's Garda World Security Corporation raised its G4S bid by 24% to £ 3.68bn ($ 4.94bn).

The market value of the UK-based IWG Plc, which provides rental services for office space and temporary jobs, is down 7.6%. The company announces a £ 300m convertible bond offering.

Tesco Plc (LON: TSCO) lost 1.2%. British grocery retailer says it will return £ 585m in overseas property tax relief that Tesco received from the government as a support measure in the face of the pandemic.