Economic news

Financials and weak German data led European stocks to losses

European stock markets edged down for third day in a row, pulled lower by financials as Deutsche Bank equities slump further after announce of its plans to raise about 8bn euros, while anticipations of higher U.S. interest rates bolstered the dollar.

In Europe, a bunch of weak corporate earnings and the largest drop in German industrial orders since the trough of the world financial crisis added to the gloomy mood.

The pan-European STOXX 600 index dipped 0.1 percent, on the way to record its fourth straight trade session of losses.


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