European markets closed in the red today. 

The London FTSE fell 0.5% today. France's CAC 40 closed down 1.5%. 

The German Dax was off 0.9%

The decline in the FTSE was led by BHP Billiton which missed earnings estimates and wrote down the value of its mining assets.

The sell-off also followed on the sell-off in Asian markets, and concerns about the Fed tapering its asset purchase program.

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