Most European Stocks Decline as China’s Trade Trails Estimates
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Most European stocks dropped, even as the Stoxx Europe 600 Index completed its 10th successive weekly gain, as worse-than-estimated Chinese trade data added to evidence the global economy is slowing.
Bankia SA led retreating shares after a 128 percent rally in the past 11 days. Bank of Ireland Plc tumbled 3.1 percent as its first-half loss more than doubled. Bunzl Plc fell the most in a year after UBS AG recommended selling the stock. ThyssenKrupp AG climbed 5.1 percent as Germany’s biggest steelmaker reported its first profit in four quarters.