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European stocks down as ECB holds on policy and coronavirus concerns ramp up

January 23, 2020


European stocks fell on Thursday as the European Central Bank left key monetary policy unchanged as expected, with investors backing away from perceived riskier assets such as equities amid a growing coronavirus crisis out of China.

Worries about international trade policy were also resurfacing for investors after comments made by President Donald Trump in Davos at the World Economic Forum.

Extending earlier losses, the Stoxx Europe 600 index SXXP, -0.53% dropped 0.6% to 420.29, and headed for its fourth-straight losing session. The German DAX 30 index DAX, -0.61% fell 0.7% to 13,417.74, while the French CAC 40 index PX1, -0.43% and the FTSE 100 index UKX, -0.62% each fell 0.4%. The euro was flat at $1.1095.

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