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European Stocks Post Weekly Drop as Investors Weigh Fed Signals

European stocks posted their first weekly loss in more than a month as investors debated when the Federal Reserve will scale back momentary stimulus and Chinese manufacturing unexpectedly shrank.

FirstGroup Plc tumbled 43 percent after the U.K. bus and rail company halted its dividend and announced a rights offer to avert a credit downgrade. SAP AG, the largest maker of enterprise-management software, dropped the most in 21 months after changing its board structure. Bankia SA, the nationalized Spanish bank, sank 85 percent before a debt swap next week.