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jeudi 8 avril 2010

Europe markets.

Stocks declined from the highest level since September 2008 as a retreat by basic- resource producers and Greek banks overshadowed gains by retailers.
The Stoxx Europe 600 index slipped 0.3 percent yesterday afternoon.
BHP Billiton fell 2.6 percent as copper dropped for the first time in three days.
National Bank of Greece declined 4.2 percent and led the nation's shares lower amid concern the government's plan to redress its budget deficit may fail.
"A default (by Greece) may be ultimately unavoidable," said Stephen Jen, a managing director at BlueGold Capital Management. "It's an increasingly difficult proposition for the creditors to expect full repayment."
Europe's economy unexpectedly stagnated in the fourth quarter of last year as companies cut spending.
Retailer Next advanced 2 percent after it was upgraded to buy from hold at Citigroup.

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