European Stocks Inch Toward Correction as Greek Talks Drag on
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European stocks extended a four-month low, coming within 0.1 percent of a correction, as Greece attempted to secure a rescue and stay in the euro.
The Stoxx Europe 600 Index lost 1.6 percent to 372.74 at the close of trading, reversing gains of as much as 0.4 percent. Italian shares fell the most among western-European markets, with the FTSE MIB Index dropping 3 percent after entering a correction on Monday. Portugal’s PSI 20 Index slid 2.2 percent.