European Stocks Slide to 11-Month Low Amid U.S. Growth Concern
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European stocks tumbled to the lowest level in 11 months amid concern that a slowdown in the world’s largest economy may derail global growth.
Auto-industry shares led the selloff as Fiat SpA and PSA Peugeot Citroen lost more than 4 percent. Pandora A/S tumbled 65 percent as the Danish jewelry maker posted earnings that missed estimates. Metro AG slid 7.5 percent as Germany’s biggest retailer said profit dropped. Wacker Chemie AG, the second-largest producer of solar-grade silicon, plunged 10 percent.