European
stocks fell, after posting their biggest weekly advance in more than a
month, as world leaders pledged further measures against Russia, and
manufacturing gauges slipped in China, Germany and the U.S.Royal KPN NV lost 4.2 percent after Citigroup Inc. downgraded the stock. Stada Arzneimittel AG slumped 15 percent after cutting its 2014 forecast. CEZ AS, the largest Czech utility, climbed 5.1 percent after the nation™s finance minister said the government is seeking a 100 percent dividend payout.
The Stoxx Europe 600 Index fell 1.1 percent to 324.39 at the close of trading in London. That™s its biggest drop since March 7. The benchmark gauge advanced 1.8 percent last week as Russian President Vladimir Putin said he won™t seek territory beyond Crimea.
U.S. President Barack Obama and the other Group of Seven heads of government hold a meeting in The Hague tonight to decide what steps to take next in the Ukraine crisis amid growing concern that Russia is building up its forces on the border with its neighbor after annexing the Crimean peninsula. Ukraine said today it deployed more troops to the frontier.
Copy Source : Bloomberg
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