Friday, January 20, 2012

European stock markets down january 20 2012

European stock markets down january 20 2012 :European stocks nudged lower Friday, taking a breather after a solid week of gains following decent economic data, positive U.S. earnings overall and as private sector debt swap talks with Greece continue.

At 0855 GMT, the benchmark Stoxx Europe 600 index was down 0.5% at 255.20, but in the week to date the index is posting gains of 2.4%. Elsewhere, London's FTSE 100 was down 0.3% at 5726.13, Paris's CAC-40 was 0.6% lower at 3309.86 and Frankfurt's DAX was down 0.4% at 6390.13.

Despite today's small declines, all these indexes look set to finish the week on a high. Well-received French and Spanish bond auctions Thursday has boosted sentiment with high bid-to-cover ratios, and confidence has been given a further leg up by encouraging U.S. data, with initial jobless claims falling to a four-year low, according to data released Thursday. For the latest updates on the stock market, visit Stock Market Today
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