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European Markets Struggle Amid Political Instability and Economic Concerns
European stocks declined due to political instability in France and Germany, with Chancellor Olaf Scholz's government collapsing and an early election set for February 23. Meanwhile, France's credit rating was downgraded, although European PMI data showed less contraction than expected, easing some tariff concerns. The focus now shifts to the upcoming UK consumer price index data and the Bank of England's interest rate decision, with expectations of further rate cuts in the future.
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