European stocks take their cues from China
and mostly fall in mid-morning trade, with miners such as Rio Tinto (-2.5%) and BHP (-1.9%) suffering, while
HSBC is -2.7% following its 2012
results. EU Stoxx 50 -0.4%, London -0.5%, Paris -0.2%, Frankfurt -0.5%, Milan -1.4%, Madrid +0.15%
Eurozone finance ministers are meeting in Brussels today, when the discussion may well include Italy, Portugal, Greece and Cyprus. In Italy, an aide to Democratic Party leader Pier Luigi Bersani said new elections may be needed following the impasse that was created in last week's poll. Portugal wants more time to pay its debts amid a worse-than-expected economy, while the Troika is in Greece this week for an austerity update
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