European stocks retreated after six consecutive days of gains that sent the Stoxx Europe 600 Index to its highest level in more than five years.
“Profits are being taken today after a phenomenal year for investors who believed in the European economic recovery and the policy backstops that were constantly put in place,” Daniel Weston, a portfolio manager at Aimed Capital GmbH in Munich, said.
The Stoxx 600 gained 5.3 per cent in the...
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