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<European Stocks>DE turns 1.2% lower, ES stays steady against downside
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2012/06/04 15:58
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Germany, firmly opposed to the issue of the euro common bonds, reportedly proposes to hold a EU-leaders' meeting to fix a road map for the 'banking union.'

European stock markets followed the downside of Asian stock markets, with Volkswagen tumbling over 3% on China fragile services data in May, weighing down DAX to intraday low, 5942, last at 5983, down 67 pts, or 1.1%; CAC 40 once tumbled to 2927, last at 2947, down merely 3 pts; the UK stock market is closed for holiday.

Finland, Sweden, Hungary, Luxembourg and Norway successively sank 1%-1.6%; Italy slid 0.2%; Spain stayed steady against the bearish streak; and the Czech Republic also turned steady. (t)

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