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Market Update

European Shares Skid on Greece Woes

Stocks in Europe opened lower early Monday, tracking continuing uncertainty over the Greece debt issue.

At the time of writing, Britian's FTSE and Germany's DAX were off 0.8% and 1.2%. A technical glitch at the Euronext prevented values of French CAC being reflected.

Bank and mining stocks were leading the decliners' list: BHP Billiton, Rio Tinto and Xstrata erased about 1% each while Barclays, HSBC Holdings and Deutsche Bank lost between 1.1% and 2.1%.

Elsewhere, Asian markets were broadly lower amid a cautious outlook for global economic growth. Chinese markets were hit hard.

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