European shares fall as EC cuts growth projections

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Source: Dukascopy
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. 
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Fri, 24 Feb 2012 08:13:47 GMT

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