Author: Elena Todorova
123jump.com
Last Update: 1:28 PM EDT July 10 2007

European stock markets closed in the negative on Tuesday, pressured by weak dollar and a record foreign-exchange high for the euro. Profit warning from retailer Home Depot sparked new concerns about the struggling U.S. housing market. BHP Billiton dropped 3.9%, Anglo American dropped 3.6%, and Rio Tinto Group tumbled 2.9%. Germany and France led decliners, posting a drop of 1.4%.followed by the U.K. with a decline of 1.2%.