Tuesday, July 10, 2007

European stocks drop to one-week closing low

(Reuters) - European stocks tumbled from fresh 6-1/2 year highs to their lowest close in a week on Tuesday as profit warnings from U.S. heavyweights including retailer Sears Holdings spooked investors.

The pan-European FTSEurofirst 300 index closed unofficially down 1.1 percent at 1,608.3 points, its lowest close since July 2. It earlier reached 1,630.96, its highest level since November 2000.


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