Overseas: Japan +0.68%.
Hong Kong -0.54%. China -0.51%.
India -0.04%. London +0.75%.
Paris +1.25%. Frankfurt +0.55%
Some European bourses add to gains after the IFO index improves more than expected and following sharp losses earlier in the week. Asian shares were mixed in the wake of poor overnight economic data from Europe, with China closing sharply lower for the week as the government tightens monetary and housing policy. Japan +0.7%, Hong Kong -0.5%, China -0.5%, India +0.3%. EU Stoxx 50 +1.1%, London +0.7%, Paris +1.3%, Frankfurt +0.7%, Milan +1%, Madrid +0.9%
The euro loses its Ifo-induced bounce after the European Commission cuts its 2013 eurozone growth forecasts and is now -0.1% vs the dollar. The EC also predicts that the recession will cause Spain, France and Portugal to miss their deficit targets, with Spain's shortfall to widen to 6.7% from 6.3% in 2012 rather than drop to the country's goal of 4.5%
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