Duisenberg Spoils European Rate Cut Party

Asian markets end mixed; Canadian stocks sink along with U.S. counterparts

European markets finished lower. The European Central Bank cut key short-term interest rates by 25 basis points amid further signs of economic weakness in the region. But comments from ECB President Wim Duisenberg that there were indications of a sharp slowdown in economic growth sent European equities plunging -- yet another example of the bank's uncanny ability to undermine its own rate moves.

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