Thursday, May 17, 2012

EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKET

     European shares edged lower at the start of trading on Thursday, having closed down during the last three sessions, as fears over Greece and Spain continue to weigh on sentiment, traders said.
The pan-European FTSEurofirst 300 index initially rose 0.05 percent to 993.32 points but then fell back quickly into negative territory. The index was down 0.2 percent at 991.09 points by 0706 GMT
Germany's DAX was up by 0.1 percent, while France's benchmark CAC-40 index slipped by 0.1 percent.

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