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European Stocks Rise Ahead of Fed Announcement As Deutsche Bank, Sanofi Decline

European stocks rose again on Wednesday amid expectations that U.S. Federal Reserve will announce an end to its bond-buying stimulus.

European stocks rose again on Wednesday amid expectations that U.S. Federal Reserve will announce an end to its bond-buying stimulus, though gains were tempered by negative surprises from Deutsche Bank AG and other stalwarts. Deutsche Bank fall after swinging to a third-quarter loss on higher than expected litigation costs. It set aside €894 million to settle various investigations, including into allegations of manipulating currency markets and rigging interest rates. In Paris, drug maker Sanofi SA retreated after the board unanimously voted to remove CEO Chris Viehbacher while reaffirming its commitment continue the group’s strategy and international expansion. Among Wednesday’s gainers, Numericable Group SA rose after announcing plans a €4.7 billion rights issue to help finance its €17 billion purchase of Societe Francaise de Radiotelephone SA.

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