European Stocks Decline on Valuation; Peugeot, Faurecia Advance
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European stocks retreated, after the Stoxx Europe 600 Index reached its highest valuation in almost three years, offsetting gains by lenders as central-bank governors diluted a proposed liquidity rule.
Rolls-Royce Holdings Plc lost 1.5 percent following a report that it bribed an executive in China to win orders. A gauge of European lenders rose 1.1 percent after the Group of Governors and Heads of Supervision agreed to relax and delay the standard. Peugeot SA gained 5.6 percent after a brokerage said the company will probably start selling assets.