European Stocks Snap Five-Day Winning Streak

LONDON—Mining stocks dropped after China took another step to cool its economy, leaving European markets little changed.

The Stoxx Europe 600 index fell fractionally to 291.02, its first loss in six sessions, a day after closing at its highest level since Aug. 12, 2008.

The Dow Jones Industrial Average, meanwhile rose to fresh 2½-year intraday highs despite the move in China and continued unrest in the Middle East.

A second consecutive day of unusually high borrowing from the European Central Bank's overnight emergency lending facility left Europe traders searching for an explanation. Banks borrowed €16.009 billion ($21.8 billion), topping the ...

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