Euro Stoxx 50 Set to Enter Bear Market Amid Global Stock Rout

(Bloomberg) -- The Euro Stoxx 50 tumbled 1.4 percent on Friday, with the euro-area benchmark set to enter a bear market after losing 20 percent from a peak in November 2017.

The gauge is following other European indexes like Germany’s DAX and Italy’s FTSE MIB which entered a bear market earlier this year amid a global equity market sell-off fueled by trade tensions, politics and mounting worries over the global economy.

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