- UK surplus shrinks in January
- British retail sales fall
- Ukraine President calls for early election
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European stocks were mixed as Britain's surplus shrank and UK retail sales declined.
Britain's public finances, excluding financial sector interventions, showed a £4.718bn surplus in January, down from £6.035bn a year ago, reflecting lower income tax and corporation tax recipes.
Economists had forecast a surplus of £8.15bn.
The release comes as Finance Minister George Osborne prepares his annual budget.
Another report from the Office for National Statistics (ONS) revealed an unexpected 1.5% month-on-month decline in British retail sales in January, the biggest drop since April 2012.
Sales were up 4.3% up on the year but it was weaker than forecast. The ONS said that the fall was mainly due to poor supermarket and clothes sales.
"We believe that retail sales will be supported by easing price pressure and slowly rising earnings growth in the coming months," Barclays said.
"Increasing consumer purchasing power due to lower prices, combined with improvement in confidence and the general outlook of the economy, will likely support retail sales and consumption in the months ahead."
Later on in the session the US will release figures on existing home sales, which are tipped to show a 4.1% decline in January from December when they rose 1%.
Ukraine President announces deal to resolve violence
Ukraine President Viktor Yanukovych says a deal has been reached to resolve the crisis in the country. He said an agreement would be signed at 12:00 GMT.
Yanukovych has also called for an early presidential election, according to reports.
The announcement comes after the European Union (EU) has agreed to impose sanctions on Ukrainian officials "responsible for violence" which have left about 75 people dead.
EU foreign ministers said targeted sanctions including asset freezes and visa bans would be introduced as a matter of urgency.
Three months ago the EU had hoped Ukraine would sign a far-reaching trade and cooperation deal with Brussels, but Yanukovich turned it down in late November.
The nation instead won a $15bn bailout deal from Russia, which sparked weeks of street protests that picked up in intensity this week.
RBS gains on cost cuts
Royal Bank of Scotland rallied following reports it will cut 30,000 jobs as it slashes its investment banking arm to scale back costs.
Valeo gained after the French auto-parts maker posted half-year earnings that beat analysts' estimates.
Axa SA declined after Europe's second-largest insurer reported full-year profit that fell short of market expectations.
Kering SA dropped after growth at its Gucci luxury-goods brand slowed more than analysts had projected.
Tehcnip was higher after Societe Generale SA upgraded its rating on the stock to 'buy' from 'neutral', saying Europe's largest oilfield-services provider may begin to reduce costs on tighter spending.
The euro fell 0.07% to $1.3710.
Brent crude futures dipped $0.327 to $109.940 per barrel, according to the ICE.