Japan quake drags European shares to 3-month low

By Atul Prakash
LONDON | Fri Mar 11, 2011 5:10am EST
Euro zone leaders are set to agree a "competitiveness pact" at a summit on Friday and will push Portugal to announce new reforms to increase market confidence as they seek to draw a line under the debt crisis.

Among individual movers, K+S (SDFG.DE) fell 6.3 percent after BASF (BASFn.DE) announced late on Thursday it would sell its 10.3 percent stake in the potash miner.

(Editing by Jon Loades-Carter)