Euro shares slip

LONDON: Europe’s main stock  markets posted small drops last markets posted small drops last Friday as traders hunted for bargains at the end of a turbulent week for equities owing to the Cyprus bailout and banking crisis.

London’s FTSE 100 index of leading companies slipping 0.07% to close at 6,392.76 points, with the luxury retail sector being weighed down by a new profits warning from Mulberry.

In Frankfurt, the DAX 30 slid 0.27% to 7,911.35 points after data revealed that German business confidence fell for the first time in five months in March.

The Paris CAC 40 dipped 0.12% to 3,770.29 points, while in Madrid the IBEX 35 shares index fell 0.26% in value and Milan’s FTSE-Mib rose 0.69%. – AFP