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European Averages Close Down Erasing Early Gains |
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12:57 PM EST January 20 2006 |
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European stocks lost ground, failing to keep early gains as automakers declined on higher oil prices, Infineon posted a wider-than-expected loss and U.S. markets dropped in morning trading. The German DAX 30 tumbled 1.5%, the French CAC 40 slipped 0.7%, and London’s FTSE 100 fell 0.4%.
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