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Europe's Markets Slump
European stocks plunged Wednesday, reversing earlier gains in a second day of volatility, as ongoing concerns about euro-zone debt contagion and a weak U.S. growth outlook outweighed the prospect of continued low interest rates in the world's largest economy.
Market chatter of credit rating downgrades in Europe, France in particular, late in the session made investors more jittery still and sent equities deep into the red.
Investors said they were concerned that while the U.S. has resolved its budgetary crisis, albeit through an uncomfortable compromise, the debt crisis in Europe is more demonstrative of fundamental issues.
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