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European stocks give back gains into the close as US markets fall- FTSE 100 stumbles

The US markets have now all turned red and the Nasdaq 100 has done what seemed likely and extended a move to the downside once it fell below the point at which it closed last night. That was at 17,713 and the index has now fallen to a low at 17,571 just a moment ago. The Dow coming back from just above 38k seemed to be a partial driver for that fall. So, as the US markets come under pressure that has just derailed the European markets into the close and the FTSE 100 has fallen back below 7,850 after it earlier came close to testing its 21 day moving average, at 7,900. The DAX has thrown in the towel too. Earlier today the DAX reached a high at 17,907 and now it is closing below 17,800 again. 

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