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Market Update

Europe: Stocks Turn Lower as Italy Borrowing Costs Soar

European markets shrugged off a firm start, as early cheer following the resignation of Italian Prime Minister Silvio Berlusconi gave way to concerns over the country's ability to repay its debt.

At the time of writing, Britain's FTSE, France's CAC and Germany's DAX was trading between 1.9% and 2.7% lower.