Wednesday, March 14, 2012

European, US stocks steady after week of gains

European and U.S. stock markets were little changed Friday as investors took a breather at the end of a week when stocks shot higher amid mounting optimism about the global economic recovery. Chinese shares rallied as traders returned to their desks following a weeklong holiday.

The U.S. dollar garnered support after U.S. Federal Reserve chairman Ben Bernanke spoke about the need _ eventually _ to raise interest rates to counter potential inflationary problems and figures showed the U.S. trade deficit narrowed by more than anticipated during August as exports rose and imports fell.

In Europe, the FTSE 100 index of leading British shares was down a minuscule …

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