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European stocks declined for a third day as investors speculated that economic fundamentals don’t justify current stock valuations near their highest since 2010.
Also some disappointment was the fact that the Ministry of Finance at a meeting of Europe rescue program was not discussed in Spain due to the fact that the country sees its position in the financial markets as a rather favorable. According to the IMF report, Spain has become the country with the greatest economy in the euro zone program in 2012-2013, and at the same time one of the states, which marked the largest increase in total debt of weaker growth.
Anheuser-Busch InBev NV tumbled the most in a month after a report that the U.S. may block its $20 billion takeover of Mexico’s Grupo Modelo SAB.
Man Group Plc rallied 4 percent after U.K. newspapers speculated the world’s biggest publicly traded hedge-fund firm may be a takeover target.
FTSE 100 5,779.53 -30.72 -0.53%
CAC 40 3,368.49 -14.29 -0.42%
DAX 7,205.67 -28.86 -0.40%
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