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E U Stocks Start To Feel The Pain Of Rising Euro

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NEW YORK (AFX) -- U.S.-listed shares of European companies fell Wednesday, as the continued strength of the euro raised concerns for big exporters.
The Bank of New York Europe ADR Index was last down 1.3% at 152.64; the broader Bank of New York Composite ADR Index was 1.1% lower at 155.81.
In Europe earlier, London's FTSE 100 declined 1.2% at 6,010, the Paris-based CAC-40 lost 0.9% at 5,193 and Frankfurt's DAX Xetra 30 dipped 1.4% at 5,968.
The pan-European Dow Jones Stoxx 600 index decreased 0.8% at 337.20, with broad-based declines for beverage companies such as Pernod Ricard as well as automakers including Volkswagen.

Any hope of a EU recovery may be dashed on the rocks of the falling dollar as the Euro and Pound soar to dizzying heights. The higher the European currencies the less competitive exports become choking off the fragile recovery before it can gain needed momentum.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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