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Market Update

European Markets Trade Flat

European markets traded mostly flat Thursday.

The FTSE slipped 0.1%. The CAC 40 Paris edged up 0.1% and the DAX remained unchanged.

Data earlier showed French consumer confidence ticked up slightly in June.

Later in the day, the U.S. is to release data on personal income and expenditure, as well as on inflation.

Stocks on the Move

Barclays PLC dropped 5.5% after New York State’s attorney general filed a securities fraud lawsuit against the British lender, accusing it of giving an unfair edge to high-frequency trading clients in the U.S. even as it claimed to protect other customers from such traders.

London Stock Exchange Group PLC surged over 7% after the exchange operator said it would be bidding to acquire investment services firm Frank Russell for $2.7 billion and would launch a rights issue to raise $1.6 billion to help finance the acquisition.

Carphone Warehouse gained 1.4% while Dixons Retail added 0.4% after both companies reported a jump in earnings ahead of their proposed merger later this year.

French foods group Danone SA added 3.2% after a broker upgrade.

BNP Paribas edged up half a percent. Media reports citing sources said the French lender is likely to be suspended from converting foreign currencies to dollars on behalf of clients in some businesses for as long as a year following accusations of persistently violating U.S. sanctions laws.