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6/23, 11:01 AM (Source: TeleTrader)
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Europe extends losses after disappointing data

European stock markets extended losses from earlier in the session after the release of worse-than-expected PMI data from Germany and the European Union.

The DAX slid 1.33% at 10:56 am CET with HeidelbergCement, down 3.34%, leading the losses. The CAC 40 fell 1.04% as Unibail-Rodamco-Westfield plunged 3.84%. The FTSE 100 dropped 0.83% at the same time. British Land Company, down 4.43%, was the worst performer on the index.

The euro tumbled 0.69% against the dollar to go for 1.04930 at 10:59 am CET and the pound lost 0.52% compared to the US currency to sell for 1.21997 at the same time.

Baha Breaking News (BBN) / NP