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Global Markets Update: European Shares Briefly Fall as Banks Pare Gains

Friday, 24 Feb 2012 | 5:10 AM ET

U.S. futures point to a higher open for Wall Street. European shares briefly turned negative on Friday as banking stocks pared gains, with Lloyds reversing earlier rises after announcing its 2012 revenue would fall. Asian shares crept higher as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.