European shares pare gains on Monday

Source: Marketwatch
European equity markets traded higher in the early session on Monday but retreated and erased most of their gains later in the afternoon. The investor sentiment was depressed by concerns over Spanish banks. Therefore major banks across Europe also weighted on stock indices. Stoxx Europe 600 index traded flat, Spanish IBEX 35 plunged 2.2% and German DAX slipped 0.3%. French CAC 40 index shed 0.2% but FTSE 100 managed to end up in positive area, posting a 0.2% gain. 
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Tue, 29 May 2012 06:52:03 GMT

Greek banks got 16 billion Euros from rescue fund

Four largest Greece's banks gained access to the ECB funds, according to the Greece's Ministry of Finance. The capital injection was implemented through bonds from the EFSF bailout fund and is aimed at pumping liquidity into National Bank, Eurobank, Alpha and Piraeus Bank. The banks gained 18 billion Euros for further recapitalization, the Finance Ministry added.

Tue, 29 May 2012 08:13:01 GMT

Japan's retail sales advanced in April

Japan's retail sales accelerated 5.8% in April compared with a previous year. It is a smaller improvement than a gain of 6.3% expected by analysts. On monthly basis sales dropped 0.3%. However, retail sales kept advancing relatively rapidly compared with a previous year when they fell sharply in the result of March earthquake. 

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