Pick of the early market news

Updated

Shares fell on most stock markets yesterday. After a positive three-day burst, FTSE 100 gave up -0.78%, falling 44 points to 5,624 while the French Cac 40 slumped -1.53%. The German Dax also gave up slight ground. The health of Europe's banks continue to nag: there was bad news from France - her cost of borrowing has surged - plus Spain's economy minister has disclosed that Spain's banks may have a further tranche of bad loans on its books.

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