European markets edge lower on U.S. budget concern

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
The Stoxx Europe 600 Index dropped 0.5% to 266.71 points in early London trading session on Thursday, deepening a two-month low. Markets trade with negative sentiments, as U.S. President Barack Obama said that tax for high earners will be increased by the next year. In order to avoid the fiscal cliff, the U.S. plans to impose the $607 billion tax increase on wealthy and reduce government spending.
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