European stock markets down april 26 2012

European stock markets down april 26 2012, European Commission showing economic sentiment : The rebound in European stock markets over the past couple of days ground to a halt Thursday following a mixed batch of corporate earnings and further evidence of a sharp slowdown in the economy of the 17 countries that use the euro.

Europe stock markets are slipping following disappointing results from several major companies. Germany's DAX is down 0.3 percent. France's CAC-40 is off 0.8 percent.

A survey from the European Commission showing economic sentiment in the eurozone down more than expected in April added to the gloom. Its main indicator fell from 94.5 to 92.8_ the consensus in the markets was for a far more modest decline to 94. read Eurozone Economic Sentiment april 2012

However, fairly downbeat updates from the likes of Banco Santander, Europe's biggest bank by market capitalization, Deutsche Bank AG and AstraZeneca PLC deflated the mood.

In recent weeks, there has been an increasing backlash against the austerity drive in many European countries amid worries that governments will be unable to deliver their debt-reduction plans as their economies tank.

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