European Stocks Little Changed as U.S. Data Beat Forecast
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European stocks were little changed as better-than-estimated U.S. retail sales data offset investor speculation that this year’s rally has overshot the outlook for company earnings.
Royal Bank of Scotland Group Plc slid 3.3 percent after saying Chief Executive Officer Stephen Hester will resign this year. Home Retail Group Plc fell the most since May 2012 as first-quarter sales at its Argos stores missed analysts’ estimates. Rhoen-Klinikum AG jumped the most since August 2012 after its shareholders abolished a voting threshold for mergers.