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European stock markets hit the skids on negative US data.
(From Agence France Presse)
European stock exchanges hit the skids, dragged down by negative economic news from the United States and fears that a weaker dollar and stronger euro will cut into European export earnings.
The London FTSE 100 index fell 1.24 percent to finish at 4,091.3, while in Paris the CAC 40 was down 1.68 percent at 3,134.99.
In Frankfurt the DAX at one point slumped to three-month low before climbing back to 3,234.47 in mid-afternoon, a 2.68 percent drop from Monday.
The DJ Euro Stoxx 50 index finished with a loss of 1.85 percent at 2,386.19.
The euro meanwhile broke through the 1.17-dollar level following the …
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