But on a brighter note, Finnish paper and forestry firms, Stora Enso and UPM Kymmene each rose about one percent after UBS investment bank raised its rating on both firms to "buy," helping to ensure that basic producers made up one of only two industry groups which traded higher.
As European bourses shut, the Dow Jones Industrial Average was off 0.2 percent at 9,911 points, while the NASDAQ Composite shed 0.66 percent to 1,955 points.
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