Germany and France Lead European Stocks Lower Amid Greek Concern
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German and French stocks dragged European shares to their biggest decline in a month amid investor concern Greece won’t reach an agreement with creditors in time for a debt repayment.
The Stoxx Europe 600 Index tumbled 1.7 percent to 399.87 at the close of trading, trimming its monthly gain to 1 percent. Benchmark gauges of French and German stocks fell at least 2.3 percent as automakers led declines among industry groups. Greece’s ASE Index slid 1.4 percent.