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Europe: Stocks retreat at open

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.

[PARIS] European stocks retreated in opening trade on Friday, giving back much of their gains made the previous day, as investors showed caution ahead of a jobs report that could be key in determining whether US interest rates rise later this month.

London's FTSE 100 index dropped 0.91 per cent to 6,137.60 points, the CAC 40 in Paris fell 0.99 per cent to 4,607.91 and in Frankfurt the DAX 30 also reversed 0.99 per cent to 10,216.17.


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