Banking woes weigh on Europe's shares
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European stocks lost steam on Wednesday ahead of a US interest rate decision with banks and oil stocks leading the slide after Swiss investment banking giant UBS (NYSE:UBS) shocked investors with a $4bn writedown.
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European equity markets pared their morning gains on Friday, as banks weighed and US futures pointed to a weak start on Wall Street.
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European equities were sharply lower on Wednesday as concerns over higher borrowing costs in the eurozone encouraged profit taking in consumer industries.
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Europe's main stock markets suffered heavy falls as investors fretted over plummeting share prices in Shanghai, high oil prices and a suicide blast in Afghanistan, dealers said Tuesday.
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European stocks dip as credit jitters re-emerge ahead of US data and Chinese banks reveal their sub-prime exposure.
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Europe&#39;s main stock markets mostly took a step back on Tuesday after a weak performance by Wall Street overnight.
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Europe&#39;s main stock markets mainly extended losses on Monday following heavy falls last week, as dealers tracked news across the insurance and banking sectors.
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European stocks lost ground on Wednesday as merger speculation surrounding Soci&eacute;t&eacute; G&eacute;n&eacute;rale failed to offset more subprime writedowns by two leading European banks and nervousness ahead of a US interest rate decision.
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European equities fell on Thursday as dealers digested consolidation news in the stock market sector following overnight losses on Wall Street.
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European equity markets were choppy in the face of deepening US recession fears, with banking stocks providing the biggest drag.
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European and Asian stock markets fell heavily on Thursday, even after Wall Street had ended higher as major central banks sought to soothe a global credit squeeze caused by the US home-loan collapse.
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Asian and European stocks fell on Monday while sterling hit a one-year low as concerns over financing for banks grew after UK mortgage lender Northern Rock  tapped the Bank of England for an emergency loan last week.
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European equities fell on Thursday, with banks, utilities and other stocks sensitive to rising interest rates at the forefront of the losses.
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Banks led European equities lower on Friday, but bid activity helped keep the market afloat after Nasdaq made an offer for Stockholm bourse operator OMX.
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Weak energy and banking stocks pushed European shares lower on Thursday, while Air France  shares fell on news it was in tentative merger talks with ailing Italian airline Alitalia .
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European equities fell on Thursday as investors considered the impact of near-term eurozone interest rate increases and mulled a mixed set of corporate earnings.
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Shares in European travel-related firms and reinsurers fall as investors worry about the impact of Asia's earthquake disaster.