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European stocks muted as new lockdown outweighs strong business activity data

3 Min Read (Reuters) - European stocks were subdued on Wednesday, as concerns about new lockdown measures overshadowed a surprise return to economic growth for the euro zone in March. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 22, 2021. REUTERS/Staff After falling as much as 0.7% in earlier in the day, the pan-European STOXX 600 index ended flat. Euro zone stocks also cut losses after IHS Markit’s flash composite PMI, seen as a good guide to economic health, bounced above the 50 mark, separating growth from contraction, to 52.5 this month compared with February’s 48.8.

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