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Morning briefing: World markets mostly fall

* Consumers in the 16-nation euro zone remained reluctant to spend. Retail sales were flat in June from the previous month as analysts had expected. Compared with a year earlier, June sales edged up 0.4 percent.

* Service sector growth in Britain slowed unexpectedly in July and employment declined, worrying economists that the country's economic recovery is cooling.

* World stocks mostly fell Wednesday, and oil prices fell from a three-month high above $82 a barrel following a slew of reports in the U.S. that indicated the U.S. recovery remains sluggish.

By Ariana Eunjung Cha  |  August 4, 2010; 6:42 AM ET
Categories:  *Morning briefing  
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