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Europe: Stocks fall slightly

[LONDON] Germany's stock market fell slightly at the start of trading on Monday, with Frankfurt's DAX 30 dipping 0.2 per cent to 12,573.35 points, after a hard-right opposition party won parliamentary seats in the country's general election on Sunday.

The euro also dropped against the dollar.

Elsewhere in Europe, London's benchmark FTSE 100 index shed 0.5 per cent to 7,277.47 points after Moody's cut Britain's long-term credit rating last week, citing economic uncertainty sparked by complex Brexit negotiations and the likelihood of weaker public finances.

The Paris CAC 40 meanwhile lost 0.3 per cent to 5,267.99 points at the open.

In Germany, Chancellor Angela Merkel clinched a fourth term in the election on Sunday, but her victory was clouded by the entry into parliament of the hard-right AfD in the best showing for a nationalist force since World War II.


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