European shares fall on economic data

Source: Marketwatch
European equities dropped rapidly on weak economic statistics from US and Europe amid surging bond yields for Italy and Spain. Stoxx Europe 600 lost 1.3%, German DAX tumbled 1.8% and British FTSE 100 shed 1.2%. French CAC 40 index fell 1.4% and FTSE MIB plunged 3.3% after Italian 10- year borrowing costs climbed by 0.18 percentage points, reaching 5.21%. 
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