Bloomberg News

European Stocks Retreat; Stoxx 600 Declines 0.5 Percent

June 19, 2013

European stocks declined as investors awaited the conclusion of the Federal Reserve’s policy meeting for indications on stimulus measures. U.S. index futures were little changed, while Asian shares rose.

Alcatel-Lucent SA rallied 5.2 percent after announcing plans to sell at least 1 billion euros ($1.3 billion) of assets. Nordea Bank AB dropped 3.7 percent after Sweden began selling a stake in the Nordic region’s largest bank.

The Stoxx Europe 600 Index declined 0.4 percent to 291.83 as of 8:33 a.m. in London, erasing earlier gains. Standard & Poor’s 500 Index futures fell 0.1 percent after the U.S. gauge advanced 1.5 percent over the past two days. The MSCI Asia Pacific Index climbed 1 percent.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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