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European stocks close flat after global rout, shed 4.5 % for the week

CNBC.com
European stocks close flat after global rout, shed 4.5 % for the week

Global markets had been shaken by two consecutive sessions of losses in the U.S., with Asian equities mixed Friday on the back of a 500-point drop for the Dow Jones Industrial Average at the close of Thursday's session. Traders have got increasingly nervous about the prospect of rising interest rates