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Europe stocks slump to their lowest level in 20 months as Wall Street sell-off grips global markets

October 11, 2018

Via: CNBC

European markets were sharply lower Thursday morning, following steep losses in the U.S. overnight amid fears over rapidly rising interest rates and an expected slowdown in global growth.

The pan-European Stoxx 600 was down by 1.8 percent during mid-morning deals, with financial services and technology stocks leading the losses. A dramatic sell-off on Wall Street in the previous session prompted the European benchmark to fall to its its lowest level in more than 20 months.

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