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Markets Mixed as Europe Cautious After Rises in New York and Tokyo Overnight

Continental European markets were mixed in morning trading. London rose before falling back a little on disappointing economic data. Rolls Royce confirmed a contract with the U.S. Air Force. Royal Bank of Scotland to shrink further. Valeo sees continued growth for its auto parts business. French REIT says offer from insurer SMABTP undervalues its stock. Jonathan Braude reports from London.