Thursday, 15 March 2012

European markets retreat ahead of US open

European stock markets fell modestly Friday after a mixed performance in Asia as investors booked profits on recent gains ahead of the U.S. open, though reports that British bank Barclays PLC may get the financial all-clear from the country's financial regulator gave the banking sector a boost.

Germany's DAX was down 28.41 points, or 0.7 percent, at 4,230.96 while France's CAC-40 was 22.31 points, or 0.8 percent, lower at 2,869.76.

Meanwhile, the FTSE 100 index of leading British shares was down only 2.36 points, or 0.1 percent, at 3,922.84 despite news that the country's economy contracted by a bigger than anticipated 1.6 percent in the fourth quarter of …

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