European Stocks Are Little Changed; Stoxx 600 Rises 0.1 Percent
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European stocks were little changed as the Federal Reserve warned the U.S. recovery doesn’t meet the threshold for scaling back its bond-purchase plans. Asian shares and U.S. futures declined.
BHP Billiton Ltd. and Rio Tinto Group dropped as a stronger dollar drove commodity prices lower. German carmakers fell even after reporting an increase in their U.S. December vehicle sales. Repsol YPF SA sank 1.1 percent as Spain’s largest oil company is in talks with China Petrochemical Corp. on joint ventures.