European stock indices tread water on Friday, with gains in industrial companies, a strong end to the week in Asia and weaker-than-expected U.S. retail sales data keeping major indices near seven-year highs. German lender Commerzbank enjoys a relief rally after settling U.S. investigations into sanction violations and money-laundering. U.K. oil and gas explorer Afren plunges on news of a debt restructuring that will leave little for shareholders and in Sydney broadband providers TPG Telecom and iiNet surge after agreeing to merge, though some analysts expect a challenger bid.
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