European Stocks Decline for Second Day; Carrefour, PostNL Drop
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European stocks dropped, extending last week’s selloff, as Italian Prime Minister Silvio Berlusconi struggled to hold power before a budget vote and Greece worked on plans to form a new government.
Carrefour SA fell 2.6 percent as euro-region retail sales fell and Citigroup Inc. downgraded the shares. Metro AG, Germany’s largest retailer, lost 2.1 percent. PostNL NV slid 7.4 percent as the biggest Dutch postal operator said profit decreased. National Bank of Greece SA and Piraeus Bank SA advanced more than 4 percent in Athens.