Pursuits
Europe Stocks Drop for Second Week as Banks Fall to 16-Month Low
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A slump in Spanish and Italian lenders sent European stocks down for a second week, the longest streak since October.
The Stoxx Europe 600 Index lost 1.3 percent to 337.93 at the close of trading in London amid concern that the European Central Bank’s bond-buying plans won’t be enough to shore up the economy, while a U.S. employment report showed a drop in hourly earnings. Today’s decline brought the measure down 1 percent for the week.