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European Shares Lack Direction As Business Surveys Signal Deepening Downturn

European stocks were subdued on Monday, with weak Eurozone business activity data and an inconclusive election result in Spain keeping investors nervous.

The HCOB Flash Eurozone Composite PMI Output Index, which gauges activity in the manufacturing and services sector, fell to an eight-month low of 48.9 in July from 49.9 in June.

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by RTTNews Staff Writer

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