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European Stocks Little Changed After Data; Subsea Falls

European stocks were little changed, after rallying yesterday by the most in eight months, as data showed the region’s services output expanded faster than estimated while U.S. hiring missed projections.

Subsea 7 SA tumbled the most since June after posting fourth-quarter profit that missed analysts’ forecast. Melrose Industries Plc tumbled 7.8 percent after Numis Securities Ltd. advised investors to sell the stock. Admiral Group Plc rose 7.5 percent, for the highest price in 2 1/2 years.