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Europe: Stocks fall, Carlsberg slumps

European shares rose on Wednesday after reaching 2015 lows as a bruising quarter ended, with a Chinese tax cut boosting automakers while miner Glencore rallied after saying it had no solvency issues.

[LONDON] European stock markets fell on Wednesday, extending a recent losing streak on the back of persistent worries over China, while drinks group Carlsberg slumped after cutting its outlook.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell by 0.6 per cent.

Carlsberg was the worst-performer on the FTSEurofirst index, falling 7 per cent after the brewing company cut its profit forecast.