European stock markets drop after early gains

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EUROPE - European stock markets have given up early gains, which had been triggered by the European Central Bank saying it intended to buy up government debt.

Shares had risen in early trading before sliding back significantly during the remainder of the morning. At around 12:40, the FTSE100 stood at 5154.62 down 92.39 points or 1.76%; the Dax was at ...

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