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Markets Aren't Doing Much, BNP Is Getting Slammed

Sam RoMay 30, 2014, 15:11 IST

REUTERS/Romeo RanocoStock brokers monitor trading at the Philippine Stock Exchange (PSE) in Manila's Makati financial district.

European markets are basically flat.

Britain's FTS 100 is flat.

France's CAC 40 is down 0.4%.

Germany's DAX is up 0.1%.

Spain's IBEX is up 0.4%.

Italy's FTSE MIB is up 0.4%.

French stocks are being led lower by BNP Paribas. According the WSJ, the Justice Department is seeking up to $10 billion in penalties from the French bank for evading sanctions against Iran and other countries. Shares are down by 5%.

In Asia, Japan's Nikkei closed down 0.3%, Hong Kong's Hang Seng closed up 0.3%, and Australia's S&P/ASX closed down 0.4%.