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Market Update

European Stocks Drift Lower

European markets gave up early gains and pushed lower Wednesday as sentiment turned sour after the Standard & Poor's Ratings Services downgraded Italy's credit rating.

The FTSE 100 was up 0.1% at 9:28 a.m. London time. The CAC 40 Paris slipped 0.5% while the DAX Frankfurt eased 0.4% at the time of writing.