European Stocks Trim Best Month Since 2009 as Shell Declines
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European stocks closed little changed, paring earlier losses, as German inflation data missed forecasts, while U.S. jobless claims fell to a 15-year low.
Royal Dutch Shell Plc slid 4.3 percent after reporting that fourth-quarter profit rose less than analysts predicted. Vallourec SA lost 3.8 percent after saying it will write down the value of assets by as much as 1.2 billion euros ($1.35 billion) as lower oil prices force some customers to cut spending. Deutsche Bank AG rose 2.6 percent after posting a surprise quarterly profit.