European stocks drifted at the open, after Asian stocks tumbled overnight on fears of a recession.The FTSE-100 index was up 23.09 at 4063.98 - after opening lower - with France's Cac 40 up 11.9 at 3310.08 and Germany's Dax down 31.63 at 4539.44.
Retail sales grew at their slowest rate in two-and-a-half years in September, a sign of tough High Street conditions.
Sterling remained under pressure - close to a five-year dollar low - as traders anticipated more rate cuts.
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