European Stocks Fall on Earnings Disappointment, Greece Concern
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European stocks dropped by the most in two weeks after HSBC Holdings Plc and CGGVeritas reported earnings that disappointed investors and amid concern that Greece will struggle to get further aid.
HSBC lost 1.3 percent as Europe’s largest bank by value also said it will likely face criminal charges from U.S. anti-money laundering probes. CGGVeritas retreated 3.1 percent after third-quarter profit missed analyst estimates. PostNL sank 11 percent after saying full-year earnings will be at the bottom half of forecasts and on concern the proposed sale of TNT Express NV may be held up by regulators.