- Published on Thursday, 23 February 2012 11:45
- Written by Bloomberg.com
European (SXXP) stocks fluctuated between gains and losses as German business confidence exceeded forecasts, while the European (SXXP) Commission said the region’s economy will shrink this year. U.S. index futures and Asian shares were little changed.
Commerzbank AG (CBK) tumbled 5 percent after saying it won’t pay a dividend for 2011 and will ask investors to swap some hybrid instruments for shares. Swiss Re Ltd., the world’s second- biggest reinsurer, gained 2.5 percent after raising its shareholder payout. Full story