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European stocks drop, including Rolls-Royce, Air France-KLM

LONDON (MarketWatch) — European stocks opened lower on Thursday, with stocks on the Continent feeling the pressure from the Citigroup-led downturn on Wall Street. Rolls-Royce lost 6.4% as the engine maker said it was cutting 2,000 jobs and Air France-KLM lost 4.2% as the airline reported a 96% profit drop. The U.K. FTSE 100 dropped 2% to 3,926, the German DAX 30 lost 2.5% to 4,244 and the French CAC 40 fell 2.1% to 3,023.
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Original post by Forextvblog

This entry was posted on Thursday, November 20th, 2008 at 1:07 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.