European shares mixed after weak U.S. economic data this morning. The Bank of England and the ECB leave key rates unchanged. Yields fall sharply in Spain and Italy debt auctions. There are now signs of economic stabilization, according to ECB President Mario Drahi. Recession in euro zone may be less likely, as a result. Draghi adds the ECB may be more relaxed after a fiscal pact is reached. In the U.S., retail sales were not as strong as initially thought. Sales growth is decelerating -- margins are high but falling -- while inventories are high and costs are up, which could indicate a spending slowdown may be on the way.