Pursuits
European Stocks Retreat as BMW, Daimler Drop on Sales to China
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European stocks dropped the most in two weeks as an official at China’s association of carmakers said auto sales will miss its forecast in 2012.
Bayerische Motoren Werke AG and Daimler AG fell more than 4 percent. BHP Billiton Ltd. slumped 4.1 percent, leading a gauge of mining companies lower. Metro AG advanced after Germany’s largest retailer posted fourth-quarter earnings that matched analysts’ estimates.