European Stocks Snap Nine-Day Winning Streak Amid Mixed Earnings
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European stocks declined, snapping a nine-day winning streak, amid mixed earnings reports.
Novartis AG fell 2.1 percent after reporting lower sales, dragging a measure of health-related companies to the second-worst performance of the 19 industry groups on the Stoxx Europe 600 Index. French distiller Remy Cointreau SA slipped 2.5 percent after posting sales that missed analyst estimates.