European Stocks Retreat as U.S. Factory Orders Unexpectedly Drop
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European stocks declined for a fourth day as reports showed that orders to U.S. factories unexpectedly fell in April and China’s services-industry growth weakened in May.
Volkswagen AG and Daimler AG dropped at least 1.5 percent, as carmakers led losses in the Stoxx Europe 600 Index. Aker Solutions ASA, the Norwegian oil-services company, slumped to the lowest in four months. Vestas Wind Systems A/S plunged to a nine-year low after BlackRock Inc. cut its holding in the company to 4.02 percent.