Wall Street

European stocks lose ground after three-day rally on recession fears

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Reuters UK

(Reuters) – European shares fell on Wednesday, as fears about a global recession overshadowed recent optimism about China reopening, with investors looking ahead to a meeting of major central bank heads for clues on policy outlook. The continent-wide STOXX 600 index was down 0.7% as at 0708 GMT, snapping a three-day rally following a dour Wall Street session overnight on a gloomy U.S. consumer confidence data. [.N] Germany’s DAX led declines among other indexes in the region, down 0.9% ahead of a preliminary reading on German inflation at 1200 GMT. Eurozone’s consumer confidence data for June …

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