Spain auction to push down European stocks

Source: Marketwatch
© Scanpix/AFP

On Tuesday European stock markets fell on an expensive Spanish bond auction and on US data that showed lower-than-expected GDP growth. France's CAC 40 index lost 0.8% and closed at 2,870.68, German DAX 30 index fell 1.2% to 5,537.39 while U.K's FTSE 100 index slumped 0.3% reaching 5,206.82. Spanish index IBEX 35 declined most and gave up 1.5% closing at 7,904.90. 

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