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By Market News Video Staff, Tuesday, November 2, 9:19 AM ET
European stocks were declining Tuesday morning with the help of Spain’s BBVA (NYSE:BBVA), which announced a 4.2 billion euro deal to take a stake in Turkiye Garanti Bankasi.
The BLDRS Europe 100 ADR Fund (NASDAQ:ADRU) contains 1.56% BBVA stock, as well as shares of Teva Pharmaceuticals (NASDAQ:TEVA) and BP (NYSE:BP), which also posted earnings today.
The iShares MSCI Spain Index Fund (AMEX:EWP) contains 8.66% BBVA stock.
And Turkiye Garanti Bankasi is the top holding in the iShares MSCI Turkey Investable Market Index Fund (AMEX:TUR), making up more than 15% of the holdings.
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