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European Stock Indices Drift Lower Before Testimony From Federal Reserve Boss Yellen


Disappointing news on German investors’ reading of the economic outlook in Europe’s largest economy weighed on euro-zone markets on Tuesday as the world waited for Fed boss Janet Yellen's semi-annual testimony on monetary policy to a committee of Senate lawmakers, the first of two addresses to Congress this week. In Germany, business systems maker Software AG took a battering after delivering a gloomy full-year prognosis but in Sweden clothing retailer Hennes & Mauritz AB rose after June sales beat forecasts. Jonathan Marino interviews The Deal's Laura Board in London.