Europe Stocks Decline as Bank Shares, Automakers Retreat
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European stocks fell, as automakers and retailers declined, and the Turkish central bank’s interest rate increases failed to support emerging-market currencies.
Fiat SpA slid 4.1 percent after posting earnings that missed analysts’ forecasts. Nordea Bank AB lost 2.3 percent after its chief executive said it will need to cut more jobs to adjust to slow growth. Mulberry Group Plc tumbled 27 percent after saying full-year pre-tax profit will miss market estimates. Anglo American Plc gained 5.7 percent after saying fourth-quarter platinum production rose 25 percent.