European stock markets trimmed losses in midday action on Friday, as Cyprus and Greece agreed to spin off Greek units of indebted Cypriot banks, excluding them from a potential controversial levy on bank deposits. The Stoxx Europe 600 index XX:SXXP -0.12% lost 0.1% to 294.18, after trading as low as 293.39 earlier in the session. France's CAC 40 index FRX1 -0.12% fell 0.1% to 3,770.38, while Germany's DAX 30 index DXAX -0.20% shaved off 0.2% to 7,915.68. The U.K.'s FTSE 100 index UK:UKX +0.25% gained 0.2% to 6,403.90. |