European Stocks Retreat on Moody’s Review; Axa, LSE Lead Decline
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European stocks retreated the most in three weeks as Moody’s Investors Service said it will review the credit ratings of all countries in the region following last week’s debt summit.
Axa SA led insurers lower after Standard & Poor’s placed 15 companies on watch negative. Xstrata Plc slid 5.6 percent as copper retreated. London Stock Exchange Group Plc decreased 4.9 percent as S&P also placed the bourse’s credit rating on review for a downgrade.