European stocks head for a fourth straight weekly drop

Source: Bloomberg news
© Scanpix/AFP
European stock markets traded firmly in red for a second straight day, with the benchmark gauge approaching its biggest monthly plunge in one month tracking losses in American and Asian stock markets. The Stoxx Europe 600 slumped 0.9% to 330.57 points by 8:28 a.m. in London to post a weekly decline of 2.5%.

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