Europe Stocks Are Little Changed After Confidence Report
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European stocks were little changed, with the Stoxx Europe 600 Index posting its biggest weekly gain in five weeks, as consumer confidence increased more than forecast, while derivatives contracts expired.
Rio Tinto Group rose 1.6 percent as copper rebounded. Commerzbank AG climbed 2.5 percent as Morgan Stanley upgraded its rating on the German lender. Havas SA lost 1.8 percent after posting 2013 profit that fell short of analysts’ estimates. Remy Cointreau SA retreated the most since November as UBS predicted China’s anti-extravagance measures will continue to cut into the cognac-maker’s profit.