European Stocks Little Changed Following Two-Week Advance
This article is for subscribers only.
European stocks were little changed, after a two-week rally pushed the Stoxx Europe 600 Index to a six-year high, as a decline in bank shares offset a rally in luxury-goods companies. U.S. index futures were little changed.
Deutsche Bank AG dropped the most since September 2012 after Germany’s largest lender reported a surprise fourth-quarter loss. PSA Peugeot Citroen tumbled 11 percent after Europe’s second-biggest carmaker was said to have obtained board approval for a capital increase of 3 billion euros ($4.1 billion). Luxottica Group SpA rose 4 percent after Deutsche Bank advised investors to buy shares in the maker of Ray-Ban sunglasses.