European shares, euro rebound from steep losses
LONDON (Reuters) – European shares and the euro on bounced off their previous session’s steep falls early on Friday despite unease over European economic forecasts, ECB crisis loan repayment data and Italian elections at the weekend. The German Ifo business climate indicator for February rose to 107. 4 from 104. 2, helping to lift the mood after Thursday’s disappointing PMI data rattled markets. It will be followed by new European Commission economic forecasts at 1000 GMT which should show whether there are any signs of recovery outside of Germany. . . .
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