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Europe markets lower led by Spanish stocks
Spanish stocks were again at the heart of losses for European markets on Wednesday, as banks dropped on news of a record rise in bad loans, and Iberdrola SA was hit by a stake sale. Investors were showing a clear lack of follow-through after a rally for Europe stocks the prior day. The Stoxx Europe 600 index fell 0.5% to 258.14, following a 2% rally on Tuesday, driven by gains for the financial sector, an upbeat Spanish auction and positive signals on the global economy. After a morning of hugging the flat line, though, stocks pushed into negative territory led by Spain. Whole the yield on Spain’s 10-year ... (full story)