European Stocks Fall as U.S. Payroll Data Miss Estimates
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European stocks declined the most in five weeks, paring yesterday’s biggest rally for the region’s benchmark index in almost a month, as U.S. manufacturing activity fell faster than estimated, and companies in the world’s largest economy added fewer workers than forecast.
Vodafone Group Plc retreated 3.1 percent after Verizon Communications Inc. denied it’s considering a bid for the U.K. company. Kazakhmys Plc fell to its lowest price in four years as metal prices retreated. Rexel SA increased 1.9 percent in Paris after Goldman Sachs Group Inc. recommended buying the shares.