European Indexes Finish Lower

Markets were weighed down by data reports pointing to a slowing U.S. economy

In London, the FTSE 100 index closed in the red on Friday, Dec. 1, tracking a falling Wall Street following weaker-than-expected US ISM manufacturing data. The data raised concerns of a slowing US economy. The pound climbed vs. the US$ to $1.9847. Analysts expect the U.K. currency to cross the psychological US$2-mark anytime now. The weak US$ also hit exporters and almost half of FTSE companies that report in US$.

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