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European stocks dropped due to the weaker-than-expected earnings results from companies across Europe. In addition, the disappointing economic data in Germany and France and ongoing violence in Ukraine also had a negative impact on stock markets.
German factory orders declined 2.8% in March from an increase of 0.9% in February. February’s figure was revised up from 0.6%. Analysts had forecasted a 0.5% rise.
French industrial production decreased 0.7% in March from an increase of 0.1% in February. Analysts had expected a 0.4% increase.
Fiat SpA shares declined 8.3% after the release of the weaker-than-expected first quarter earnings.
Name Price Change Change %
FTSE 100 6,773.21 -25.35 -0.37%
DAX 9,457.28 -10.25 -0.11%
CAC 40 4,423.73 -4.34 -0.10%
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