Britain's FTSE 100,Germany's DAX and France's CAC 40 fell

[gnutrade.satya]

European equities like CAC, FTSE and DAX fell for another consecutive day when US jobless claims data was disappointing and adding to this, continuous concern about Greece's fiscal situation also remained a reason for the drop in the European markets.
Gerhard Schwarz, head of global equity strategy at UniCredit: "We have been overheated a little bit in the run up to this week's high. I would not be surprised to see markets treading water for some weeks now. The Greek situation is still underestimated by many investors because the underlying problem for the Greek government is still unresolved. They have to take tough action to bring their budget into order and the funding problems have to be addressed."
Britain's FTSE 100 ended the day 0.9 percent lower; Germany's DAX and France's CAC 40 fell 0.5 and 0.7 percent respectively.
(source: reuters.com).