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European equities lose some altitude as news sinks in that a rate hike cycle may be imminent....

European equities lose some altitude as news sinks in that a rate hike cycle may be imminent. The reaction is most severe at the periphery, where economies have yet to show much recovery and debt burdens remain an issue. Spain -0.7% (2% off highs). Italy -0.4% (1.7% off highs). Germany +0.6% (1% off highs).
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