European Stocks Post Weekly Drop on Valuation, China
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European stocks fell in the second week of 2013 amid the highest valuation in 11 quarters for the benchmark Stoxx Europe 600 Index and concern that quickening inflation in China will limit the scope for economic stimulus.
Salzgitter AG led a gauge of commodity shares lower. Debenhams Plc lost 9.9 percent after the retailer cut its profit-margin forecast. Banco Popolare SC led banks higher after global central-bank chiefs eased a liquidity rule.