(Reuters) - European stocks dropped into negative territory after
Germany's Ifo economic research institute said its business
climate index dropped to 107.0 from 108.6 a month earlier.
Economists polled by Reuter had forecast 108.4.
The report undermined a mild rally in stocks that followed
losses on Thursday driven by fears of higher interest rates and
worries about the impact of troubles at two hedge funds managed
by Bear Stearns.
Read more at Reuters.com Bonds News
Germany's Ifo economic research institute said its business
climate index dropped to 107.0 from 108.6 a month earlier.
Economists polled by Reuter had forecast 108.4.
The report undermined a mild rally in stocks that followed
losses on Thursday driven by fears of higher interest rates and
worries about the impact of troubles at two hedge funds managed
by Bear Stearns.
Read more at Reuters.com Bonds News
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