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MENAFN - ecPulse - 12/10/2012

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European shares end lower in todays trading session on Friday as investors remain cautious at the end of the week amid the ongoing uncertainty over the outlook in Europe and in Spain. The IMF’s pessimistic outlook for the euro region and the global economy has pressured the sentiment indeed.

The benchmark index for Europe, the STOXX 600 ended lower by 0.52% to 269.43, and STOXX 50 ended down by 0.45% at 2526.03.

CAC 40 Index

The French benchmark index was covered in red by closing, down by 24.64 points or 0.72% to close at 3389.08. The index opened at 3401.26 recording a high of 3419.00 and a low of 3389.08.

The worst performing shares in terms of subtracted value for the index were led by Total SA as it plummeted 1.59% to end at €38.13; following was Sanofi as it shed 0.60% to settle at €66.34, while coming in third was BNP Paribas SA which slumped 0.89% to close at €38.45.

Meanwhile, those offsetting some of the losses and ending higher were Danone which inclined 0.70% to settle at €47.81; STMicroelectronics NV which ended higher by 6.42% at €4.67 and AXA SA which inclined 0.69% to settle at €11.75.

DAX Index

German equities dropped today as well, as the benchmark index DAX 30 ended lower by 49.21 points or 0.68% to close at 7232.49. The index opened at 7260.57 recording a high of 7291.24 and a low of 7232.42.

Lagging shares leading the index lower where driven by Lanxess AG that plummeted 4.40% to €60.21; following was Deutsche Telekom AG as it lost 2.09% to settle at €9.16 and then came Volkswagen AG which retreated 1.68% to €146.60.

As for the shares that ended higher today, they were Commerzbank AG that gained 1.47% to €17.76, followed by ThyssenKrupp AG which added 1.34% to €17.76 and Beiersdorf AG up 0.63% to close at €57.92.

FTSE 100 Index

The British benchmark index ended the day also in the red to settle at 5793.32 down by 36.43 points or 0.62%. The index opened the day at 5829.75 setting the high of 5829.75 and the low of 5793.32.

Lagging shares were led by Vodafone Group PLC where it ended down by 1.99%, closing at £174.80; following was BP PLC which shed 1.66% to close at £431.45 and Royal Dutch Shell PLC which slipped 0.93% to close at £2141.00.

As for leading shares that added the most to the index, coming in top was Standard Chartered PLC which advanced 2.29% to close at £1427.50; following was Lloyds Banking Group PLC which added 1.15% to end trading at £39.70 and Prudential PLC which surged 0.47% to close at £848.50.


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