Author: Elena Todorova
123jump.com
Last Update: 12:44 PM EDT May 24 2006
European markets closed in the negative, reflecting significant weakness among industrial, mining and airline stocks. Weakening dollar hurt shares of industrial exporters like Siemens and Sweden’s SKF. Miners like Rio Tinto and BHP Billiton moved lower. The German DAX 30 plunged 1.6%, the French CAC 40 slipped 1.3%, and London FTSE 100 tumbled 1.6%.
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