European Stocks Fluctuate After SixWeek Rally; SEB Rises


16/07/2012 13:56 AST  Bloomberg

European stocks fluctuated between advances and declines after the benchmark Stoxx Europe 600 Index completed its longest stretch of weekly gains in more than two years. U.S. index futures fell while Asian shares rose.

SEB (SEBA) AB, the Swedish bank that’s the second-largest lender in the Baltic countries, soared 7.4 percent after earnings topped estimates. G4S Plc (GFS) sank 8.8 percent as the world’s biggest security company said it may incur a 50 million-pound ($78 million) loss after failing to provide enough guards for the Olympic Games.

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