European shares retreated by Wednesday mid-day trading on correctional movements after the recent gains. Eyes remains on earnings, where the Dutch technology firm ASML posted better than forecast fourth-quarter profit. ASML has reiterated its optimistic outlook for the first half of this year while said it plans to raise its 2013 dividends. Regarding fundamentals, U.K. ILO unemployment for the three months ended November unexpectedly lurched toward BOE threshold to hit 7.1% from 7.4%, marking the biggest drop since October 1997 . There is no need to raise interest rate soon as "headwinds for growth would persist for some time," BOE minutes of the Jan. 8-9 meeting said. As of 06:45 EST , STOXX EUROPE 600 slipped 0.08% to record 335.48 points. Financials led the decline with a drop of 0.68%, where the largest losses were recorded by Banco Com Port-R as its shares plummeted 6.09% to 0.18 euros . The largest gains, on the other hand, were led by ASML Holdings as its equities rose 6.91% to 67.46 euros . Regarding other major European indices, Germany`s DAX 30 slipped 0.25% to 9705.49 points. France's CAC 40 index dipped 0.23% to 4313.82 points, and FTSE 100 slumped 0.13% to 6825.05 points.
Most Popular Stories
- Ukraine Crisis Limits Losses in Gold, Silver
- Can GOP Dodge Immigration Bullet?
- Software Writers Sought in Indiana
- Chiquita, Fyffes to Form Top Banana
- Photo ID Required for Unemployment Benefits
- Big Earthquake Rumbles Northern California
- China's Money Rate Drops on Slowdown Concern
- Mt. Gox Files for Bankruptcy in U.S.
- Tech Firms to Increase Hiring for 4th Year in a Row
- '300' Sequel Conquers Box Office Foes