European Equities FTSE,CAC and DAX were dull
Dull were the equities in Europe like the FTSE , CAC and DAX yet for another consecutive day as investors were worried that US jobless numbers were high, despite falls in weekly claims, and disappointing British retail sales indicated a slowdown in the pace of economic recovery. UK retailers were among the decliners in Europe.
Franz Weis, a fund manager at Comgest in Paris said: "Times are difficult because of the combination of high unemployment, banks not lending yet and governments starting to implement austerity measures. All these factors are not going to be resolved overnight."
FTSE, DAX & CAC were flat.
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