European shares ended the day down. This was due to the continued uncertainty
over spanish debts, the gloomy economic outlook, and news of German chemicals
giant BASF was cutting costs and selling a business due to a decline in demand
from southern Europe and Britain.

This morning there was a successful sale of Spanish debt, the 3 year bond
offering was oversubscribed but the interest rate was slightly more expensive.
Both the Bank of England and ECB kept interest rates unchanged. 
 
The FTSE 100 ended the day just about flat at 58/27, up 0.03%

**

Biggest Losers:
Tesco down 2.9%
Xstrata down 2.08%
Johnson matthey down 1.99%
Lloyds Bank down 1.98%
BHP Billiton down 1.57%

Biggest risers:
Next up 2.66%
Weir Group up 2.16%
Tate and Lyle up 1.85%
Intercontinental Hotels up 1.83%
Pearson up 1.79%

On the markets:
IBEX was down 0.18%  
DAX was down 0.23%   
CAC40 down 0.14%     
MIB was down 0.15 %   
     
On Wall Street the Dow Jones was trading 13558 up 0.47%

**

On the currency markets, the Pound is up five tenths of a cent at 1-dollar-61
point 5 cents.

The Euro is up two tenths a penny at 80 point 4 pence.

For travellers, the Pound buys 1-dollar-59, and 1-Euro-22.

**

[Total 01:06]