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European stocks were little changed as companies from Aker Solutions ASA to PPR SA reported earnings and finance chiefs from the Group of 20 nations meet in Moscow.
G-20 finance ministers and central bankers begin talks in Moscow today with investors seeking clarity on how comfortable they are with a sliding yen.
Japan is in the spotlight after the yen tumbled about 12 percent in the past three months on the bet that new Prime Minister Shinzo Abe will pursue a more aggressive monetary policy. That has led to concern that he’s chasing a cheaper yen, potentially triggering a currency war with other countries.
Aker Solutions fell 9 percent to 109 kroner. The oil- services provider controlled by billionaire Kjell Inge Roekke reported fourth-quarter net income of 504 million kroner ($91 million), missing the average analyst projection that called for 678.6 million kroner.
LSE slumped 98 pence to 1,243 pence. The exchange operator which has agreed to buy as much as 60 percent of LCH.Clearnet under renegotiated terms, tumbled the most since September after the clearinghouse posted earnings that RBC called “weak.”
Darty Plc, the owner of France’s biggest consumer- electronics chain, tumbled 8 percent to 45.75 pence after saying it is in danger of missing annual profit estimates. Sales weakened toward the end of the three months through January, while high levels of promotional activity are harming profitability, the London-based company said today. Should conditions persist, adjusted pretax profit for the year ending April 30 may fail to reach the lower end of analyst estimates of about 30 million euros ($40 million).
FTSE 100 6,322.5 -4.86 -0.08%
CAC 40 3,667.48 -2.12 -0.06%
DAX 7,613.73 -17.46 -0.23%
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