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Market Update: European Shares Fall on Tuesday
European equity markets fell on Tuesday, down from a 1% jump in the previous session after data showed investor morale in Germany tumbled to 26.5 in August, well below market expectations of 30. Also, prospects of slower global growth due to coronavirus outbreaks weighed on sentiment. Market participants await the European Central Bank policy meeting on Thursday at which policymakers will be debating the PEPP asset purchase program. On the corporate front, Meggitt shares declined over 12.1% after US defense firm TransDigm ruled itself out of a potential $8 billion takeover bid for the British rival. [/s2If]
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