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European Stocks Drop to 6-Week Low as China, Fed Spark Concerns

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China Is Just One Factor in Risk-Off Moment: Allianz GI
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European stocks tumbled to the lowest in six weeks as global risk-off sentiment swelled on concerns over a more aggressive Federal Reserve and the spread of Covid in China, outweighing optimism over French President Emmanuel Macron’s election victory. 

The Stoxx 600 Europe Index fell 1.8% by the close in London, the lowest since March 15. Miners and energy led the declines as iron ore and oil slumped on a deteriorating demand outlook. Utilities and personal care stocks outperformed.