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- European stocks dropped
European stocks dropped
Currently:
FTSE 5,507.22 -60.12 -1.08%
DAX 5,880.81 -80.63 -1.35%
Italian 10-year bonds underperformed similar-maturity benchmark German bunds, driving the difference in yield between the securities to 500 basis points for the first time since before the euro was introduced in 1999.
Company news:
Shares of Deutsche Post AG jumped 4.2% after company raised its full-year forecast.
Shares of HSBC dropped 4.5% as the bank said pretax profit at its investment bank led by Samir Assaf fell to about $1 billion in the third quarter from a year-earlier.
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