European Stocks Fall From 4 1/2-Year High on Italy Cut
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European stocks fell from a 4 1/2-year high as Fitch Ratings downgraded Italy and China’s retail sales and industrial output missed forecasts.
Storebrand ASA slumped 6.6 percent after Norway’s second-largest insurer said it must set aside money to meet stricter rules on group pension plans. OMV AG and ICAP Plc dropped more than 1.5 percent as analysts downgraded the shares. Ladbrokes Plc jumped the most in 11 months after signing a deal with Playtech Ltd. to develop its Web business.