European stocks rise with all eyes on Yellen

February 10, 2016 8:29 AM

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On Tuesday, European stocks closed sharply lower as investors remained pessimistic on global economic growth prospects. The banking sector in Europe was also in focus, with the sector closing 4 percent lower.

Germany's Deutsche Bank was particularly badly hit, closing down 4 percent, as investors worried about its exposure to the energy market as well as a possible cash crunch. On Tuesday evening the Financial Times reported that Deutsche was considering buying back several billion euros of its debt in a...

Also read: Germany says prepared for any financial fallout from Italy vote

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