September 2, 2011

European stocks drop ahead of payrolls report

European stock markets fell in early trading Friday following a late slide on Wall Street and ahead of the closely-watched U.S. nonfarm-payrolls report for August. Banks were among the worst performers following a report that the U.S. Federal Housing Finance Agency plans to sue major lenders in the U.S. for misrepresentation of mortgage-backed securities.

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