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Europe Markets: European stocks break 3-day winning run, deepen losses for 2016

Europe’s benchmark stock index deepened its loss for the year on Thursday, breaking a three-day winning streak as it tracked losses in Asia and the U.S.

The Stoxx Europe 600 index SXXP, -0.23% dropped 0.2% to 360.86, after closing at the highest level since Dec. 31, 2015 on Wednesday. As of Wednesday’s close, the index was just 2.76 points from entering bull territory, following a seven-week rally that was triggered by Donald Trump’s unexpected win in the U.S. presidential election.

However, for the full year, the pan-European index was set for a 1.4% loss, with banks pulling the index lower.

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