European stocks slump ahead of CPI report as Deutsche Bank, Commerzbank retreat

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European stocks opened lower on Tuesday ahead of the release of the hotly anticipated consumer price index report from the U.S. Labor Department. Deutsche Bank slumped 10% and Commerzbank dropped 8% in early trade. The Stoxx Europe 600 dropped 1.2% in early action, and U.S. stock futures also were retreating ahead of the release.

This article was originally published by Marketwatch.com. Read the original article here.

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