European Stocks Decline From One-Week High; Repsol Leads Retreat

European stocks fell from a one-week high as Fitch Ratings said the European Central Bank must do more to prevent debt crisis from spreading and a report indicated the German economy is shrinking.

Repsol YPF SA, Spain’s largest oil company, tumbled 5.7 percent after selling 61 million of its own shares. Pirelli & C. SpA, Europe’s third-largest tiremaker, lost 4.5 percent after Goodyear Tire & Rubber Co. said global tire demand is weak. Chr. Hansen Holding A/S jumped 9.8 percent as Novo A/S agreed to buy a 26 percent stake in the Danish food-ingredient company.