European Stocks Little Changed; HSBC Declines on Earnings
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European stocks were little changed as utility shares rallied, offsetting HSBC Holdings Plc’s biggest retreat since July and a survey that showed China’s services industries slowed last month.
HSBC contributed the most to a decline by a gauge of European lenders after reporting pretax earnings that missed analysts’ estimates. BHP Billiton Ltd. and Rio Tinto Group each lost more than 2 percent as commodity producers slipped. Debenhams Plc slid the most since November 2008 after saying that profit will drop in the first half of the year because it snowed in January.