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European Equity Benchmarks Close Lower; Banks, Mining Stocks Burden Markets

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The broad-based major European indices closed lower in Friday’s trading session, as falling mining stocks and banks burdened the markets.

In economic news, the earnings gap between men with richer parents and their poorer counterparts is widening in the U.K., according to a report from the Institute for Fiscal Studies.

“There is substantial evidence of a significant relationship between parents’ inc…
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