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MAY 31, 2013 - MarketWatch

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European stocks drop ahead of U.S. consumer data

LONDON (MarketWatch) -- European stock markets moved lower in early trade on Friday, pulling back from gains seen the prior day and with investors cautious to make any major moves ahead of U.S. consumer data. The Stoxx Europe 600 index gave up 0.2% to 303.05, after gaining 0.4% on Thursday. Shares of Salzgitter AG lost 2.8%, after Nomura cut the steel firm to reduce from neutral. Persimmon PLC dropped 2.7%, after UBS cut the house builder to neutral from buy. Among country-specific indexes, the U.K.'s FTSE 100 index dropped 0.6% to 6,617.25, while France's CAC 40 index shaved off 0.6% ... Read More

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