By Sara Sjolin
LONDON (MarketWatch) -- European stock markets trimmed losses in midday action on Friday, as Cyprus and Greece agreed to spin off Greek units of indebted Cypriot banks, excluding them from a potential controversial levy on bank deposits. The Stoxx Europe 600 index XX:SXXP -0.12% lost 0.1% to 294.18, after trading as low as 293.39 earlier in the session. France's CAC 40 index FR:PX1 -0.14% fell 0.1% to 3,770.38, while Germany's DAX 30 index DX:DAX -0.13% shaved off 0.2% to 7,915.68. The U.K.'s FTSE 100 index UK:UKX +0.22% gained 0.2% to 6,403.90.
