Europe Stocks Fall Amid Investor Anxiety Over Earnings, Stimulus
- Ericsson posts worse-than-expected third-quarter profit, sales
- Glencore leads commodity producers higher as metals advance
European Stocks Suffer Second-Straight Decline
This article is for subscribers only.
European stocks retreated for a second day amid investor concern about corporate earnings and the implications of an expected tightening of U.S. monetary policy.
Ericsson AB dragged technology shares to the worst performance on the Stoxx Europe 600 Index, tumbling 20 percent, the most in nine years, after reporting a slump in third-quarter sales and profitability. Finnish peer Nokia Oyj dropped 5.1 percent. Glencore Plc led commodity producers to the biggest gains on the European equity benchmark as metals prices climbed.