5th March 2014
European stock markets edged slightly lower today (March 5th) recovering some poise after big fluctuations in the previous two sessions.
Disappointing results from German sporting goods retailer Adidas meant it was among the biggest fallers. Its price dropped three per cent after the company warned this year's results would take a hit from weakening emerging market currencies.
The pan-European FTSEurofirst 300 dipped 0.2 per cent to 1,342.42 by 0805 GMT.
Yesterday European stocks had surged after Russian president Vladimir Putin insisted military force would be the last resort. This reversed some of the losses seen at the start of the week, following Russia's decision to move troops to the Ukrainian border.
In the UK, the FTSE 100 will be looking to continued gains made yesterday. The blue-chip index responded to the Crimean crisis by closing at 6,823.8 - a 115.4-point increase since Friday.
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