European Stocks Dive, Spooked By U.s. Interest Rates, Russia Sanctions

LONDON (The Deal) -- Europe's markets turned sharply lower on Friday, hit by fears of a sooner-than-expected rise in U.S. interest rates as well as worries over the effect of stepped-up sanctions against Russia, which came into force this morning. There was also a swath of disappointing manufacturing figures from both inside and outside the eurozone. Markit's Eurozone purchasing managers index for the manufacturing sector came in at 51.8 for July, unchanged from June and slightly below expectations.

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