After 11 Days Without Gains, European Stocks Hit Oversold Level
- Stoxx 600 RSI falls below 30 for the first time since June
- European shares post biggest weekly slump since February
Stoxx 600 Resumes Selloff
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European stocks have fallen so much that they reached a technical level signaling a rebound may be around the corner.
The Stoxx Europe 600 Index slid 0.8 percent, marking an 11th consecutive day without gains for the first time since 1994. This week was particularly brutal, with concerns about the outcome of the U.S. presidential election sending the gauge to its worst plunge since the February rout.