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Europe Stocks Little Changed as China Exports Offset Fed

European stocks were little changed as an increase in Chinese exports offset investor concerns the Federal Reserve will pare bond purchases this year. U.S. stock futures and Asian shares were also little changed.

Deutsche Telekom rose 4.2 percent after second-quarter sales beat forecasts. Commerzbank AG gained 8.9 percent after profit in the second quarter exceeded analysts’ estimates. Banca Monte dei Paschi di Siena slid 3.3 percent after reporting a worse-than-forecast second-quarter loss.