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Global Markets Update: European Shares Mixed After Weak U.S. Economic Data

Thursday, 12 Jan 2012 | 11:28 AM ET

European shares mixed after weak U.S. economic data this morning. The Bank of England and the ECB leave key rates unchanged. Yields fall sharply in Spain and Italy debt auctions. There are now signs of economic stabilization, according to ECB President Mario Drahi. Recession in euro zone may be less likely, as a result.