Europe Stocks Fall, Posting April Drop, on Fed Rate-Rise Concern
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A third day of declines pushed European stocks to their first monthly drop of the year, as the Federal Reserve left open the prospect of interest-rate increases even amid weak U.S. growth.
The Stoxx Europe 600 Index slid 0.4 percent to 395.79 at the close of trading, after earlier losing as much as 1 percent. Shares briefly rose 0.2 percent after data showed U.S. jobless claims fell to a 15-year low. European stocks have fallen 4.4 percent from an April 15 record, posting a monthly drop of 0.4 percent, as some companies reported disappointing earnings and talks over Greece’s debt reached an impasse.