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European stocks were little changed, following yesterday’s biggest drop in five weeks, as investors awaited an update on monetary policy from European Central Bank President Mario Draghi. U.S. index futures advanced, while Asian shares retreated.
The Stoxx Europe 600 Index (SXXP) slipped 0.1 percent to 294.39 at 9:12 a.m. in London, paring a drop of as much as 0.3 percent.
Banca Generali retreated 5.8 percent to 13.75 euros. The Italian insurer offered a 12 percent stake for sale. Generali will retain control of the bank after the transaction.
EADS (EAD) lost 1.4 percent to 39.78 euros after a term sheet obtained by Bloomberg News showed that Stichting Administratiekantoor Spanish EADS Shares Warehousing Foundation is selling 9.6 million shares in the maker of Airbus airplanes. Two people familiar with the transaction said that the shares priced at 39.75 euros apiece.
Huhtamaki Oyj declined 2.6 percent to 15.16 euros. Shareholder (HUH1V) SKR is selling as many as 2.79 million shares in the packaging company in a so-called accelerated bookbuild.
BTG rose 4.3 percent to 374.1 pence. The drugmaker forecast revenue of 230 million pounds in 2013, compared with an earlier prediction of 205 million pounds to 215 million pounds.
Telefonica SA added 1.3 percent to 10.49 euros. People with knowledge of the matter said Europe’s most indebted telephone company has considered selling assets such as its Irish and Czech divisions.
FTSE 100 6,414.59 -5.69 -0.09%
CAC 40 3,783.75 +28.79 +0.77%
DAX 7,908.04 +33.29 +0.42%
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