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European stocks were little changed, following two days of gains, after a report in China showed industrial production expanded less than forecast. U.S. index futures and Asian shares were little changed.
The Stoxx Europe 600 Index gained 0.2 percent to 317.72 at 9:57 a.m. in London. The equity gauge has rallied 13 percent this year through yesterday as central banks around the world have pledged to leave interest rates near record lows for a prolonged period of time.
Chinese factory production rose 10 percent in November from a year earlier, following a 10.3 percent increase in October, the National Bureau of Statistics said. That missed analysts’ median projection of 10.1 percent. Retail sales advanced 13.7 percent.
In the U.K., industrial production rose for a second month in October. Output increased 0.4 percent from the previous month, matching economists’ estimates, the Office for National Statistics said. It climbed 0.9 percent in September.
Another release showed France’s industrial production fell 0.3 percent in October, following a revised 0.3 percent drop a month earlier. The median estimate of economists surveyed by Bloomberg called for a 0.1 percent gain.
Vopak slipped 4.3 percent to 40.80 euros after saying it probably won’t reach its goal of 1 billion euros ($1.37 billion) in earnings before interest, taxes, depreciation and amortization in 2016, citing a lack of clarity on the timing of new, profitable projects. The company, which ranks itself the world’s largest independent tank-storage provider, forecasts 2013 Ebitda excluding one-time items of about 750 million euros.
Ashtead gained 2 percent to 728 pence. The company raised its interim dividend by 50 percent to 2.25 pence a share and reported a 23 percent increase in first-half revenue to 849.7 million pounds.
CGG SA climbed 5.8 percent to 15.17 euros after Raymond James Financial Inc. raised its recommendation on the shares to outperform, similar to buy, from market perform.
FTSE 100 6,568.78 +9.30 +0.14%
CAC 40 4,139.21 +5.11 +0.12%
DAX 9,212.04 +16.87 +0.18%
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