European Stocks Advance Before U.S. ADP, Home Sales Data
This article is for subscribers only.
European stocks declined for a fourth day, their longest losing streak in more than five months, as better-than-expected U.S. jobs data fueled concern the Federal Reserve will pare stimulus measures sooner than forecast.
Elekta AB dropped 5.4 percent after posting quarterly profit that missed forecasts. Standard Chartered Plc slid 6.5 percent, leading European banks lower. PSA Peugeot Citroen advanced 5.3 percent as Goldman Sachs Group Inc. added the shares to its conviction-buy list.