European
stocks declined, paring their third weekly gain, as Ukrainian forces
clashed with pro-Russian separatists in the east of the country.Software AG slid 2.1 percent after first-quarter sales missed analysts�� estimates. Royal Bank of Scotland Group Plc rallied the most since January 2012 after saying quarterly profit tripled and impairments fell. Deutsche Telekom AG, which owns two-thirds of T-Mobile US Inc., added 1.1 percent as people familiar with the matter said Sprint Corp. may bid for the American mobile-phone operator.
The Stoxx Europe 600 Index retreated 0.2 percent to 337.76 at the close of trading, paring its advance this week to 1.3 percent. The benchmark briefly rose as much as 0.2 percent today as a report showed the U.S. economy created jobs at a faster-than-estimated rate last month. Western-European markets, with the exception of the U.K., Ireland and Denmark, were closed yesterday for the May Day holiday.
European equities fell as Ukrainian President Oleksandr Turchynov said that forces loyal to the acting government in Kiev have killed, wounded or captured many pro-Russian separatists during an operation in the east of the country.
Copy Source : Bloomberg
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