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Market Update

Another Rough Quarter for Europe

With bond yields going up, the markets going down, and savage austerity measures imposed on struggling economies, Europe investors were understandably rattled.

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Yet another EU summit in Brussels (the 19th meeting of EU leaders since the start of the region's debt crisis) on the last two days of June finally outlined a plan that at least helped stocks end the day on a strongly positive note. (More on that below.)

Though the quarter ended well, one would have to say that the markets had a pretty rough three months overall. Rocked by the debt crisis, equities across the continent tumbled as Spain emerged as the latest flashpoint in the seemingly neverending saga.

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Rouhan Sharma does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.