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Europe stocks poised for worst monthly performance since 2011
European stocks were poised to close out the worst month in years for the region on Monday with more losses, as major oil companies fell on the heels of lower oil prices. The Stoxx Europe 600 SXXP, -0.11% was flat at 363.56, leaving it poised for a monthly loss of 8.5%. According to FactSet Research, that would be the biggest monthly loss since August 2011, when the index fell nearly 10.5%. The index fell 6.8% in May 2012 and 5.3% in June 2013. Fears of more volatility for Chinese stocks rattled investors. Beijing plans to stop large-scale purchases of stocks, according to a report in the Financial Times on Monday. ... (full story)