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Europe Markets: European stocks log 4th straight loss as banks suffer from downgrade, Italian jitters

European stocks dropped almost across the board on Tuesday, with banks leading the charge lower after a broker downgrade and concerns over a potential early election in Italy.

Renewed concerns that Greece may not make its next debt repayment also weighed on investor sentiment in Europe.

The Stoxx Europe 600 index SXXP, -0.19% lost 0.2% to close at 390.50, marking a fourth straight session of losses.

The U.K.’s FTSE 100 index UKX, -0.28% fell 0.3% to 7,526.51, as traders returned from a long bank holiday weekend. In Germany, the DAX 30 index DAX, -0.24% fell 0.2% to 12,598.68, while France’s CAC 40 index PX1, -0.50% gave up 0.5% to 5,305.94.

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