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Euro pares losses, world, European equities flat
Published in Saudi Press Agency on 07 - 12 - 2012

Global shares were little changed on Friday after a surprisingly strong U.S. jobs report for November was tempered by a drop in American consumer sentiment, Reuters reported.
The dollar trimmed its early gains after a report that senior European Central Bank Executive Board members opposed a rate cut supported by the majority at the ECB's most recent policy meeting earlier in the week.
The Dow Jones industrial average gained 28.83 points, or 0.22 percent, at 13,102.87. The Standard & Poor's 500 Index was down 1.25 points, or 0.09 percent, at 1,412.69. The Nasdaq Composite Index was down 18.68 points, or 0.62 percent, at 2,970.59.
The FTSEurofirst 300 index of top European shares and the MSCI world equity index were both flat.
The dollar soared to session peaks immediately following the jobs data, but the momentum faded as traders parsed the details. The euro further pared losses against the dollar as traders cited a Market News International report on the ECB's interest rate decision.
The euro had earlier been under pressure after Germany's central bank cut its growth outlook and pointed to risks of a recession as the three-year-old debt crisis takes its toll on the region's largest economy.
The euro fell to a session low of $1.2878 on Reuters data, matching the low set on Nov. 28. It was last down at $1.2945. The dollar index was up 0.1 percent, off earlier gains.
-- SPA


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