“European stocks declined for the second time in three days as China’s manufacturing expanded at the slowest pace in nine months. Asian shares advanced and U.S. index futures fluctuated between gains and losses.
Banca Monte dei Paschi SpA sank 6 percent as the Italian lender’s controlling shareholder sold 450 million shares. Nokia Oyj (NOK1V) tumbled for a second day, leading technology shares lower. Axa SA (CS), Europe’s second-biggest insurer, climbed 2.4 percent after agreeing to sell its Canadian business to Intact Financial Corp. for C$2.6 billion ($2.7 billion).
The Stoxx Europe 600 Index fell 0.2 percent to 280.53 at 1:02 p.m. in London, after swinging between gains and losses at least 10 times. The benchmark declined 1 percent last month amid speculation that Greece will restructure its debt. Since reaching this year’s high on Feb. 17, the gauge has retreated 3.7 percent.”
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