European Stocks Retreat as Greece Will Hold New Election
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European stocks dropped for a second day, pushing the Stoxx Europe 600 Index to its lowest level since December, as Greece called a new election after the country’s politicians failed to form a government.
Banks posted the biggest contribution to the Stoxx 600’s decline. Julius Baer Group Ltd. plunged 6.1 percent, its biggest slide in almost eight months, as revenue from assets under management fell in the first four months of the year.