European equities retreat as eurozone tips into recession
- Published: 16 Nov 2012 at 00.47
- Online news: World
Europe's main stock markets retreated on Thursday following news that the 17-nation eurozone economy fell into recession in the third quarter as a result of the region's sovereign debt crisis, dealers said.
Stock brokers at work at Frankfurt stock exchange. Europe's main stock markets slid following news that the 17-nation eurozone economy fell into recession in the third quarter as a result of the region's sovereign debt crisis.
Investor sentiment was also dented by concern over the looming "fiscal cliff" in the United States, and lingering fears over a potential Greek default that could send fresh shockwaves through financial markets.
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