European stocks fell from a five-week high as energy and mining shares followed commodity prices lower on global-growth concern.
The
Stoxx Europe 600 Index dropped 1.5 percent to 339.67 at the close of
trading. The benchmark earlier pared losses after an aide to the
European Union™s top court said a bond-buying program by the region™s
central bank via outright monetary transactions is œin principle in
line with the bloc™s treaty.
Oil
producers and basic-resources companies posted the biggest losses among
all 19 industry groups as Brent prices slid for a fifth day, while
copper tumbled to a 5 1/2-year low. Rio Tinto Group and BHP Billiton
Ltd., the world™s largest mining companies, fell at least 4 percent. BP
Plc and Royal Dutch Shell Plc slipped more than 3 percent.
Source: Bloomberg
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