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European stocks were little changed after last week’s biggest advance for the benchmark Stoxx Europe 600 Index since early February.
The gauge rose to its highest level since July last week as data from Germany to the U.S. indicated global growth is gaining momentum and the Federal Reserve raised its assessment of the world’s largest economy.
National benchmark indexes fell in eight of Europe’s 18 western markets. France’s CAC 40 Index lost 0.5 percent. The U.K.’s FTSE 100 Index and Germany’s DAX Index slipped 0.1 percent each.
Standard Life fell 1.2 percent to 247.7 pence, snapping a five-day rally. Credit Suisse Group AG downgraded Scotland’s biggest insurer to underperform from neutral, equivalent to a sell recommendation.
DSV retreated 2 percent to 131.30 kroner after UBS AG lowered its rating for the transport and logistic company to neutral from buy.
TNT Express NV also advanced 1.1 percent to 9.44 euros after United Parcel Service Inc. sweetened its bid to 5.16 billion euros.
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