Nagging recession and interest rate worries had Europe’s markets spluttering on Thursday, and the pound tumbled as Britain sought to put its disastrous recent fiscal experiment behind it with an austere-looking budget. Early optimism about Siemens’ < SIEGn.DE> earnings and that the European Central Bank might slow its rate hikes quickly turned into more selling in Europe with Wall Street also expected to open 1% in the red.
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