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European stocks lower as political uncertainty takes center stage

Silvia Amaro

Traders are keeping an eye on political goings-on in Italy, as fears linger of a standoff between Rome and Brussels over the country's 2019 budget. Brexit continues to be an area of focus for the market, as the U.K. government faces pressure to reach a divorce deal with the EU before the end of the year. European stocks moved lower on Wednesday, as investors monitored the latest political developments, including in Italy .