European shares head lower before US earnings news
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Europe's main stock exchanges slid on Tuesday, with London dragged downwards by a weak trading update from retailer Tesco, and as investors awaited fresh US earnings news.
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European stock markets eased back in early trading as dealers digested some disappointing earnings news on both sides of the Atlantic.
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European and US shares fall sharply as poor economic and corporate news adds to fears of a US recession.
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European equities fell on Wednesday as falling energy, mining and financial stocks overshadowed a number of positive earnings reports.
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Disappointing earnings from Morgan Stanley and a new spike in oil prices sent stocks lower in early trading Wednesday as investors&#39; worries over third-quarter earnings increased.
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Tokyo stocks edged lower Monday for a seventh straight session ahead of earnings announcements by Microsoft and IBM in the United States later this week.
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European equity markets struggled to make gains on Tuesday as sentiment remained fragile ahead of the meeting of the US Federal Reserve which was widely expected to produce a cut in US interest rates in response to ongoing turmoil in money markets.
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European equity markets traded cautiously yesterday, slipping after a session of mixed earnings news. The FTSE Eurofirst 300 fell 7.6 points, or 0.5 per cent, to 1,514.65.
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European equity markets made a weak start to the new trading week on Monday amid ongoing concerns about the impact of a weaker dollar on companies which generate a high proportion of their earnings in the US.
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US stocks were set for a weaker start on Wednesday, after global equity markets swooned in the wake of a sharp fall in China.
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European stocks were likely to open a little lower on Monday following a lacklustre end to last week after Thursday's Thanksgiving holiday in the US.
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Wall Street looked set to open lower on Friday after the latest fallout from the U.S. mortgage sector cropped up in Europe and before indicators that may shed light on the strength of consumer spending.
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Europe's main stock markets extended losses in early trade on Wednesday amid widespread gloom over the US economy, with London's leading index below 6,000 points for the first time since mid-August.
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European equities were fractionally lower on Wednesday after a lacklustre US session, but losses were capped by a number of positive earnings reports and oil prices dropping back below $69 a barrel.
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Europe's main stock markets fell Tuesday on profit-taking amid caution on the eve of an interest-rate call by the US Federal Reserve, dealers said.
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U.S. shares looked set to open lower on Tuesday, with stock exchange operators Nasdaq  and NYSE Group Inc.  in focus as a result of developments in their respective transatlantic merger endeavors.
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European stock markets have fallen in morning trading, as investors banked profits before the reopening of Wall Street, which was shut Monday owing to a public holiday in the United States.