Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, January 25, 2016. REUTERS/Staff/Remote
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Declines in commodity shares and lenders put an end to a rally in European stocks. The Stoxx Europe 600 Index fell 0.6 percent at 4:36 p.m. in London. Seadrill Ltd. tumbled 8.9 percent as oil fell after Saudi Arabian Oil Co., the world's biggest crude exporter, said it's keeping up investments in energy projects. Rio Tinto Group lost 2.7 percent with commodities falling. The 5 percent rebound in the two days of last week took the Stoxx 600's valuation to 14.4 times estimated profit Friday, up from a low of 13.8 Wednesday.Among shares active on corporate news, Kingfisher Plc sank 6 percent after Europe's largest home-improvement retailer said that short-term earnings will suffer from a five-year plan to boost profit.
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