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European stocks plunged due to the weak earnings results from companies across Europe.
But tensions in Ukraine also continued to put under pressure stock markets. Pro-Russia separatists in eastern Ukraine ignored a public call by Russian President Vladimir Putin to postpone a referendum.
Telefonica shares declined 2.9%. The company released a 23% decrease in first quarter net profits.
Petrofac, energy services group, shares dropped 15.8% after lowering its net income outlook for 2014.
Name Price Change Change %
FTSE 100 6,817.13 -22.12 -0.32%
DAX 9,577.93 -29.47 -0.31%
CAC 40 4,483.18 -24.06 -0.53%
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