Redrow leads hombuilders lower in reaction to US data

European equities markets were lower Monday after Moody’s Investors Service downgraded Ireland’s credit rating from Aa1 to Aa2, and after the US National Association of Home Builders and Wells Fargo reported that their index of home builder confidence is at 14 in its last reading, its lowest in 15 months.
The FTSE 100 was down 0.2 [...]

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