European stocks
declined, erasing their gains for the year, after a report that Russian
troops entered towns in eastern Ukraine, and as German confidence data
missed economists™ forecasts.
SABMiller Plc lost 2.3
percent after saying it is considering options for the sale of its
$1.04 billion stake in Tsogo Sun Holdings Ltd. Rio Tinto Group fell 3.1
percent after reporting first-quarter iron-ore output that missed
forecasts. L™Oreal SA gained 1.1 percent after posting higher
first-quarter European revenue.
The Stoxx Europe 600
Index fell 1 percent to 326.58 at the close of trading. The gauge
rebounded yesterday amid better-than-estimated U.S. retail sales data
and earnings from Citigroup Inc., after last week erasing most of the
year™s gains as investors sold technology shares on valuation concerns.
The equity benchmark has declined 0.5 percent so far this year.
The number of shares
changing hands in Stoxx 600-listed companies was 10 percent greater than
the 30-day average, according to data compiled by Bloomberg.
Copy Source: Bloomberg
No comments:
Post a Comment