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Wednesday 13 December 2017

Stocks down worldwide

bad day for

EUROPEAN stocks hit fresh six-week lows yesterday as investors moved out of shares around the world in the face discouraging signals about the global economy.

Asian and US shares were also down after the IMF cut global growth forecasts and German industrial production missed expectations.

Growth in China's services sector weakened slightly in September as new business cooled, reinforcing signs of a slowdown in the world's second-largest economy that could prompt more stimulus measures.

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