Fri, 24 Feb 2012 08:13:32 GMT
European shares fall as EC cuts growth projections
Most of European stock markets traded notably lower on Thursday after European Commission revised down its Euro Zone growth forecast for 2012 from 0.5% to 0.3%, indicating it predicts mild recession. Stoxx Europe 600 dropped 0.2% while German DAX fell 0.5%. French CAC traded flat but FTSE 100 index managed to end 0.4% higher supported by RBS earnings report.