Stoxx 600 at its lowest level since February

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The Stoxx Europe 600 Index dropped 0.3 percent to 384.42 at 9:10 a.m. in London.

Technical analysis signal shows the Stoxx 600 is close to being oversold, with the relative strength index near 30. Last time it reached that level, in December, the index was about to start its biggest first-quarter rally since 1998,” Bloomberg reported.

Investors are growing frustrated as the Greek crisis is still lingering, and remain expectant over the Federal Reserve’s next rate hike.

In an interview published in the Italian newspaper Corriere della Sera on Tuesday, Greek PM Alexis Tsipras showed a more conciliatory tone, saying that Greece could reach a deal with its international creditors if they dropped demands including pensions cuts.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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