30 August 2001, 09:57  European stock markets lower on Nasdaq losses and ECB fears

London, Aug. 29 (BridgeNews) - The European stock markets posted substantial losses Wednesday morning, following a poor overnight performance by the U.S. high-technology Nasdaq index and fears that the European Central Bank will fail to cut interest rates Thursday. At 1045 GMT, the FTSE Eurotop 100 Index was down 22.71 points, or 0.79%, at 2,804.72.

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