European Stocks Fall as Investors Weigh ECB Rate Outlook

European stocks declined from a six-year high as a report showing lower-than-estimated inflation in the euro area prompted investors to weigh the outlook for interest rates before Thursday’s European Central Bank meeting.

Pennon Group Plc lost 3 percent after saying pretax profit at its Viridor waste management unit fell about 20 percent. Eutelsat Communications SA slipped 3.7 percent as Abertis Infraestructuras SA sold its holding in the French satellite operator. Wolseley Plc rose 1.6 percent after posting higher sales on improved demand in the U.S. and Nordic region.