Sentiment was further undermined by the news that German consumer price inflation hit a record low in August, standing at 0.8 per cent against 0.9 per cent in July. The figures follow Wednesday's figures showing a marked slowdown in German growth.
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THE DAX INDEX followed the rest of Europe's bourses downwards as nerves were rattled by the uncertainty over President Clinton in the US. The index was off 214.39 points at 4744.05 at the close, a fall of 4.3 per cent on the day.