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Europe Markets: European stocks fall from 4-month high after weak PMI numbers

European stocks moved sharply lower on Wednesday, weighed by the return of geopolitical concerns after the latest comments from U.S. President Donald Trump and a round of disappointing eurozone data.

The pound dropped to a fresh 2018 low after U.K. inflation unexpectedly slipped in April.

What are markets doing?

The Stoxx Europe 600 index SXXP, -1.01% lost 0.9% to 393.41, pulling back from its highest close since Jan. 29 reached on Tuesday.

Germany’s DAX 30 index DAX, -1.64% slumped 1.5% to 12,968.59, while France’s CAC 40 index PX1, -1.32% dropped 1.3% to 5,567.72.

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