European stocks:

Market news

11 March 2011

European stocks:

European stocks dropped for a third day, extending a global selloff, as insurers tumbled after an 8.9-magnitude earthquake in Japan triggered a 10 meter high tsunami. U.S. index futures and Asian shares retreated.

Swiss Reinsurance Co. and Munich Re, the world’s biggest reinsurers, plunged more than 3.5 percent.

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FTSE -37.63 -0.64% 5,807.66

CAC -41.76 -1.05% 3,922.23

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EUR/USD under pressure

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