Europe Stocks Fall, Erasing Year’s Gains, Amid Ukraine Violence
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European stocks declined, erasing their gains for the year, after a report that Russian troops entered towns in eastern Ukraine, and as German confidence data missed economists’ forecasts.
SABMiller Plc lost 2.3 percent after saying it is considering options for the sale of its $1.04 billion stake in Tsogo Sun Holdings Ltd. Rio Tinto Group fell 3.1 percent after reporting first-quarter iron-ore output that missed forecasts. L’Oreal SA gained 1.1 percent after posting higher first-quarter European revenue.