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European stocks slip as investors wait to hear from Fed’s Powell

June 10, 2020

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European stocks were headed for a third-straight decline on Wednesday, after a gloomy global growth outlook and as investors waited for the outcome of the Federal Open Market Committee meeting.

The Stoxx Europe 600 index SXXP, -0.21% slipped 0.1% to 369.31, after rising 0.6% at the start, after Tuesday’s drop of 1.22%, which marked the biggest one-day percentage fall since May 29. The German DAX DAX, -0.39% reversed to fall 0.3%, on the heels of a 1.6% drop, while the French CAC 40 PX1, -0.56% was flat and the FTSE 100 index UKX, -0.18% fell 0.2%.

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