Pursuits
European Stocks Fall on Worse-Than-Expected PMI Data; TUI Drops
This article is for subscribers only.
European stocks retreated for a second day after a report showed services and manufacturing output in the euro area unexpectedly contracted in February.
Straumann Holding AG, the world’s biggest maker of dental implants, fell the most since November after full-year profit missed analysts’ estimates. TUI AG, Europe’s largest travel company, declined 7.6 percent after Banco CAM SAU sold a 12.9-million block of shares. PSA Peugeot Citroen, Europe’s second-largest carmaker, surged 12 percent.