Economics
Most Europe Stocks Drop on Economy Concern; Nestle Falls
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Most European stocks declined as reports showed the economies of the euro area and Japan shrank in the fourth quarter, outweighing a decrease in American jobless claims.
Nestle SA, the world’s largest food company, fell the most since April after reporting the slowest sales growth in three years. Renault SA and ABB Ltd. jumped at least 5.5 percent after reporting earnings that beat estimates. Man Group Plc rose for an eighth day, its longest streak of gains in 12 years.