European Indexes End Lower

Asian markets also finish lower to close out the week

European stock markets closed lower on Friday. London's FTSE 100 index was off 17.30 points, or 0.39%, to 4,407.40 following a HBOS report that housing prices rose more than 21% over past 3 months, which the slowest pace since last November. Morrison was lower after a company issued a shock profit warning. Sainsbury was lower after issuing a warning yesterday. Legal & General higher as UK new business rose 20% in the second quarter. Barclays was higher after Morgan Stanley recommended the stock.

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