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European Shares Drop as Risk-Off Mood Spreads Globally
European stocks fall over 1% as global caution grows and earnings disappoint.
European equities slid with the STOXX 600 falling about 1.2% as investors booked profits and digested weak corporate earnings. The downturn came amid diverging policy signals from the Federal Reserve and sluggish U.S. data, raising speculation that a rate cut may be delayed. All major sectors fell, with industrials and financials under pressure amid heightened global uncertainty and reduced risk appetite.