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Europe Down On Growth Fears |
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6:44 AM EDT June 08 2006 |
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European markets were down in mid morning trading. The FTSE 100 in London lost 2.2% to settle at 5,583.3, while the Xetra Dax in Frankfurt was off 2.3% to 5,417.64 and the CAC-40 in Paris declined 2.5%, stand at 4,704.83. The biggest decliners among the broad based fall were London listed miners with Xstrata off 6.2% and Antofagasta shedding 3.9%. Growth concerns struck industrial groups with Atlas Copco edging 5% down and Thyssen Krupp plunging 4.9%. Auto stocks also performed badly with BMW, shedding 0.4%, Porsche dropping 2.3% , Volkswagen slipping 1% and DaimlerChrysler declining 1.9%.France’s Renault dived 2.8% and Italy’s Fiat lost 2.8%. |
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