Market Report - Europe

Frankfurt DAX: 5982.42 (-14.35)

Frankfurt DAX: 5982.42 (-14.35)

A surprise drop in US producer prices reversed a fall in European shares on Friday afternoon, but a flat opening on Wall Street and caution about problems in Japan and Russia muted the recovery.

Paris CAC-40: 4256.35 (-62.83)

France's CAC-40 blue-chip index was down almost 1.3 per cent in the afternoon as investors continued to lock in gains from a string of record closes earlier in the week. Trading was thin, however, ahead for a four-day weekend for the Bastille Day holiday.

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Milan Mibtel: 24639 (-49)

Italian shares pulled back late in the day to close marginally lower as the US market ran out of steam. Leading blue-chips were mixed and bank stocks were in focus.