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European Stock Indices Stutter as New York Lawsuit Hammers Barclays


European stock indices fail to break a four-day losing streak on Thursday after data earlier this week highlighted euro-zone economic weakness and the crisis in Iraq. Shares in Barclays fall to their lowest level since late 2012 on news of a New York state law suit in relation to alleged fraud at its dark pools business but London Stock Exchange surges as investors cheer its planned $2.7 billion purchase of Frank Russell. In German-speaking Europe chipmakers AMS and Dialog Semiconductor both rise on news they are contemplating a merger to create a company with a market value of about $5 billion.