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European stock markets mid session: stocks traded lower on worries about the outlook for the economy in the Eurozone
Stock indices traded lower on worries about the outlook for the economy in the Eurozone. Germany cut its growth forecasts for 2014 and 2015. The growth for this year was lowered to 1.2%, down from 1.8%, while the growth for 2015 was cut to 1.2%, down from 2%.
German consumer price inflation was flat in September, in line with expectations.
The U.K. unemployment rate dropped to 6.0% in the June to August quarter from 6.4% in the three months to July, exceeding expectations for a decline of 6.1%.
The claimant count in the U.K. decreased by 18,600 people in September, missing expectations for a drop of 34,200 people, after a decrease of 33,200 people in August. August's figure was revised from a decline of 37,200.
Shire Plc shares dropped 26%.
Name Price Change Change %
FTSE 100 6,331.21 -61.47 -0.96%
DAX 8,763.4 -61.81 -0.70%
CAC 40 4,058.97 -29.28 -0.72%
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