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Market Update

European Stocks Turn Lower

Stocks in Europe gave up some gains logged earlier in afternoon trade Tuesday, leaving indexes little changed, as investors struggled between easing concerns over Japan and worries over the conflict in Libya.

At 6:30 p.m. (I.S.T.), Britain's FTSE and Germany's DAX lost 0.2% each France's CAC rose 0.2%.

In Germany, Metro AG lost 3.5% after the firm, while declaring results, said earnings estimate ahead could be revised down due to the turmoil in the Mid-East and North African nations.

In London, Cairn Energy climbed 1.7% following its quarterly results while Forth Ports added 1.4% after agreeing to be bought out for $1.24 billion. Punch Taverns jumped 3.1% after saying it would split in two to better restructure its balance sheet.

In sector movers, miners BHP Billiton, Anglo American and Kazakhmys slipped 0.5% to 0.9%, giving up earlier gains.

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