European stocks were gaining ground on Thursday as hopes for another round of government stimulus for the virus-stricken U.S. economy coupled with upbeat earning updates from the likes of Daimler and Unilever helped investors look past an escalation in Sino-U.S. tensions.
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· *US stocks slid on Thursday after economic data showed the US's biggest gross domestic product contraction on record.*
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· *Pfizer shares soared as much as 7.2% on Wednesday after the company announced positive early-stage trial results for its..
· *Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.*
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