Global Markets Update: Europe Loses Gains as Wall Street Goes Negative

11:28 AM ET Wed, 29 Feb 2012

European shares lose early gains as Wall Street turns negative. The ECB lends 503 billion euros to about 800 banks at low rates. Euro zone inflation eases to a 2.6 percent annual rate in January. The Euro touches a 3-mionth high vs. the U.S. dollar. Also, the euro comes off session highs and moves lower after the ECB's LTRO. France says it's going to investivte Google's new privacy policy. With Yra Harris, Praxis Trading.