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European Stocks Down For Fifth Day.

London, Thursday, 8 December 2022

The regional STOXX 600 finished Thursday's trading session down 0.1% at about 435 points, led by utility stocks, as investors remained cautious due to lingering worries about a recession and rising interest rates.

European equities extended losses for a fifth straight session.

Risk taking is still low due to growing concerns that aggressive tightening from major central banks, particularly the Federal Reserve and the ECB, might push developed countries into a recession. With declines of 6.5% and 4.4%, respectively, London Stock Exchange Group and Intermediate Capital Group were among the STOXX 600's top laggards.

Locally, the benchmark DAX 40 closed essentially unchanged at 14,270.

(Report by: The Decision Maker - Finance editors)

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