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Europe markets pull back on FX settlement after Japan stocks climb

By Lionel Laurent LONDON (Reuters) – European shares and core bond yields fell on Wednesday, bucking a strong performance in Japan, with bank stocks under pressure following a landmark $3.4 billion settlement over allegations of price-fixing in currency markets. The pan-European FTSEurofirst 300 equity index was down 0.6 percent at 0852 GMT, while the STOXX Europe 600 banks index was down more than 1 percent. Regulators imposed penalties totaling $3.4 billion on UBS , Citigroup , HSBC , Royal Bank of Scotland and JP Morgan . …

Is Germany still the champion?

By Philip Blenkinsop BRUSSELS (Reuters) – A week on from its World Cup soccer victory, Germany may return to center stage, though this time not with fan celebrations but concerns over the health of Europe's economic motor. “We've seen a delayed impact of China and the Ukraine crisis,” said ING economist Carsten Brzeski. The Ukraine/Russia issue was already there.” In a week relatively light on U.S. indicators, economists are looking for further signs that Europe's recovery and even German growth may be stalling, putting more pressure on the European Central Bank to act. Across the Channel, minutes from the Bank of England may be the last to show unanimous backing for a stable bank rate of 0.5 percent.