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European stocks traded lower due to the weak earnings results from companies across Europe and in the absence of any major economic reports in 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 2.7%. The company released a 23% decrease in first quarter net profits.
Petrofac, energy services group, shares dropped 15.0% after lowering its net income outlook for 2014.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,814.57 -24.68 -0.36%
DAX 9,581.45 -25.95 -0.27%
CAC 40 4,477.28 -29.96 -0.66%
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