News Headline Summary

European equities continue to pull back off the week's high on some touted profit taking, allied with light volumes and general caution amongst players in the market ahead of the German IFO data at 0900GMT

Update details:

- Equity markets have trended higher this week, after the losses entailed during last week. Some profit-taking has been observed heading into the weekend.
- German IFO data today is expected to come in weaker than the previous.
- Merkel overnight noted that its unlikely for the EU to come to an agreement on the budget at the final talks today in Brussels.

Print 08:37, 23 Nov 2012 - Market Analysis - Source: RANsquawk