European Stocks Little Changed; Kabel Deutschland Gains
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European stocks were little changed as U.S. housing starts for May missed estimates amid concern the Federal Reserve will signal stimulus cuts at its policy meeting starting today.
Kabel Deutschland Holding AG rose to a record after getting an offer from Liberty Global Plc. Aveva Group Plc jumped 5.4 percent as Citigroup Inc. upgraded the shares. Danske Bank A/S dropped 6.1 percent after Denmark’s financial regulator ordered it to increase its risk-weighted assets. Royal Imtech NV fell to the lowest price since 2004 after posting a first-quarter loss on costs relating to a fraud investigation.