European Stocks Fall

Equities were hurt by dimming prospects for an EMU rate cut. Asian marketrs ended with gains

European stocks ended Monday's session with losses. Helping trigger the downturn were weekend comments from European Central Bank President Wim Duisenberg, who said that current interest rates were appropriate. His remarks dashed any hopes for a rate cut from the ECB this coming Thursday. Also weighing on markets were concerns about a U.S. attack on Iraq.

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