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European Stocks Close Down On Mining And Tech Shares |
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12:37 PM EST March 31 2006 |
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European markets closed in the negative territory on the last day of the first quarter, dragged by weakness in mining and technology stocks. Tech giants Nokia and Ericsson declined, reversing from recent gains. However, British hedge-fund manager Man Group bucked the downward trend, rising 2.5%. The German DAX 30 fell 0.2%, the French CAC lost 0.4%, and London FTSE 100 dropped 0.8%. In the first quarter European markets advanced 8% on surging materials and utilities sectors.
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