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Global Markets Update: Moody's May Downgrade UK, France

11:28 AM ET Tue, 14 Feb 2012

European shares move lower after U.S. retail data disappoints. Solid demand and lower yields are seen during an Italian debt auction. Greek GDP drops by a 7 percent annual rate in Q4. The EU may take action against Spain for delayed austerity measures. Moody's warns it may cut the AAA ratings for the UK and France after cutting Spain, Italy, Portugal, Slovakia, Slovenia and Malta, yesterday. Euro zone finance ministers meet tomorrow in Brussels.