Europe Markets: Banks lead European stocks lower as Trump rally falters

European stocks finished in the red Monday, alongside a slide for global equities, as investors continued to worry the Trump administration will not be able to push through its reforms.

The Stoxx Europe 600 index SXXP, -0.40% lost 0.4% to end at 375.01, though it finished above its session lows.

On Friday, the pan-European benchmark dropped 0.2% to end 0.5% lower for the week, as it became clear U.S. President Donald Trump was running into difficulties getting approval for his repeal of Obamacare. That sparked concerns Trump will struggle to follow through on other election promises, such as corporate tax cuts, the prospect of which has helped drive a recent rally in stocks world-wide.

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