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BHP, Standard Chartered Drag Europe Stocks From Three-Week High

  • Miners retreat after reaching their highest levels ince Dec. 3
  • LSE, Deutsche Boerse surge with Euronext, BME amid M&A news
Bloomberg business news

Stoxx Europe 600 Finishes Down for Session

Updated on

A retreat in miners, led by BHP Billiton Ltd. after it cut its dividend, sent European stocks lower for the second time in three days.

A 6.1 percent drop in BHP dragged down a gauge tracking commodity producers, after Monday’s surge to the highest level since Dec. 3. Standard Chartered Plc fell 6.7 percent after posting a surprise annual loss, while Hugo Boss AG tumbled 20 percent after forecasting a profit drop this year. Deal activity lifted shares of stock exchanges.