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Europe reduce as tellurian markets retreat; oil slides; autos weigh

On a gain front, Bouygues reliable a full-year superintendence after a handling detriment for a initial entertain narrowed interjection to alleviation in a telecoms unit, promulgation shares over 4 percent higher.

The media zone was dragged down by a 27 percent decrease in Eutelsat Communications after a series of brokers including HSBC and Barclays cut a cost aim for a stock.

In a banking space, UBI Banca shares were were in certain domain after Citigroup lifted a cost aim for a stock. And UBS was in a red after Societe Generale cut a opinion on a batch from “buy” to “hold”.

Elsewhere, In Brazil, Brazil’s halt President Michel Temer called on his nation to convene behind his supervision of “national salvation,” Reuters reported, hours after a Senate voted to postpone and put on hearing his revolutionary predecessor, Dilma Rousseff, for violation bill laws.

In other news, a French supervision survived a no-confidence opinion on Thursday though protesters stepped adult their demonstrations opposite labor reforms that aim to palliate a country’s despotic jobs market.

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Article source: http://www.cnbc.com/2016/05/13/european-stocks.html

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