UPDATE 2-European shares retreat from 12-month highs on Hexagon outlook, dimmer rate cut hopes <!-- no image --> <div>* Strong U.S. jobs data dims hopes of 50 bp cut by Fed (Updates with closing prices, edits)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=VSlgLrFaEa0:Cb9-7gKzuuY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=VSlgLrFaEa0:Cb9-7gKzuuY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=VSlgLrFaEa0:Cb9-7gKzuuY:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=VSlgLrFaEa0:Cb9-7gKzuuY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=VSlgLrFaEa0:Cb9-7gKzuuY:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/VSlgLrFaEa0" height="1" width="1" alt=""></div> Posted by Reuters