European stocks struggle to gain impetus on Thursday after disappointing purchasing managers’ data from China to Europe offsets Fed minutes in which the central bank all but ruled out any increase in short-term rates in June, meshing with most expectations. In the euro zone Markit Economics Ltd.’s purchasing managers’ indices for May came in below expectations, with the composite PMI index declining to a three-month low of 53.4. In a fairly slow day for corporate news grocery wholesaler Booker and maternity retailer Mothercare are among the lead gainers in the U.K., while Indonesia-focused coal producer Asia Resource Minerals falls as its co-founder pulls a bid.
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