European stocks slipped as a measure of German investor confidence missed forecasts.Automakers led declines, with Peugeot SA sliding 5.9 percent. Holcim Ltd. and Lafarge SA dragged construction stocks lower. A measure of energy stocks posted the best performance of the 19 industry groups on the Stoxx Europe 600 Index.
The Stoxx 600 slid 0.7 percent to 397.36 at 4:30 p.m. in London, paring earlier losses of as much as 1.1 percent. The gauge closed yesterday at its highest level since June 2007 and 1.3 percent away from a record reached in 2000. It has gained 16 percent this year as the European Central Bank embarked on quantitative easing to stimulate growth and boost inflation. Euro-area core consumer prices rose 0.7 percent from a year ago in February, compared with 0.6 percent in January, Eurostat showed today.
Source : Bloomberg
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