Europe's main stock markets fell on Friday in cautious trading ahead of eurozone talks that will seek to finalise the Cyprus bailout, and before key US banking results, dealers said.
In late morning deals, London's FTSE 100 index of top companies dipped 0.52 percent to 6,382.74 points, Frankfurt's DAX 30 shed 1.22 percent to 7,775.35 points and in Paris the CAC 40 lost 0.71 percent to 3,747.80.
The euro meanwhile slid to $1.3060 from $1.3103 late in New York on Thursday, when it had spiked to $1.3138 -- a level last seen on February 28. Gold prices eased to $1,552.10 per ounce on the London Bullion Market, from $1,565.
Eurozone finance ministers meet Friday in Dublin hoping to finish negotiations on the contentious Cyprus debt bailout.
Cypriot President Nicos Anastasiades said he will appeal to EU chiefs for extra assistance for the island as it faces ever more crippling terms for a eurozone rescue deal.
However, he did not elaborate on what additional support he was seeking.
Under the preliminary bailout terms agreed last month, Cyprus was already drastically downsizing its once lucrative banking sector, raising taxes, reducing the public sector workforce and privatising state-owned utilities to raise 7.0 billion euros.
But the government acknowledged on Thursday that the costs have now soared to 23 billion euros ($30 billion) and that the European Union, the European Central Bank and the International Monetary Fund are demanding that Cyprus fund the 6.0 billion euro shortfall too.
"Equity markets have a notably softer tone, edging lower to halt a four-day run as eurozone finance ministers meet to finalise the Cypriot bailout," said analyst Brenda Kelly at trading group IG.
"Reports that the cost of the bailout has risen to 23 billion euros from 17 billion euros raises the question of exactly how Cyprus will meet this additional contribution.
"Early reports suggest that the beleaguered country is going cap-in-hand to seek an additional 10 billion euros in aid from the EU."
However, a Cypriot official told AFP that Nicosia wants "no extra money" but was instead seeking help from a European Commission task force to lessen the burden of measures agreed in exchange for loans.
And Germany stressed that the amount of the bailout would not rise.
Aside from Cyprus, investors will also pore over the latest earnings in the United States on Friday.
"JP Morgan and Wells Fargo kick off the corporate earnings season ... for the major banks, with another strong quarter expected," said Alpari analyst Craig Erlam.
"US banks are expected to be one of the strongest performing sectors in the current earnings season, although they may not necessarily be quite as strong as the last few quarters. That being said, JP Morgan has a history of easily beating earnings forecasts."
Asian equities mostly fell on Friday at the end of a strong week, despite another record day for US stocks on Wall Street fuelled by upbeat jobs data.
Dealers are keeping tabs on the currency markets as the dollar approaches the 100-yen level, not seen for four years.
Tokyo stocks fell 0.45 percent, with profit-takers moving in to reap the benefits of a rally of about 10 percent since the Bank of Japan's huge stimulus plan was announced last week.
Seoul lost 1.31 percent amid simmering tensions on the Korean peninsula.
Hong Kong stocks edged slightly lower, but Sydney rose 0.13 percent.