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Stocks in Europe stay in negative territory


Stocks in Europe stay in negative territory


European shares came off lows by midday today as the banking sector reversed early losses. Traders also pointed to a 191 million euros refinancing operation by the European Central Bank as a reason for the recovery in the banks.

But they could reportedly be facing more headwinds in future following remarks by European Cenrtral Bank President Jean-Claude Trichet last week that hinted the ECB could raise interest rates further to battle the threat of inflation. One analyst cautioned that problems in the banking sector remain.

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