European Stocks Drop for Second Day; Veolia, Nexans Lead Decline

European stocks fell for a second day as Japanese exports tumbled and investors speculated that victory in regional elections for Spain’s Prime Minister Mariano Rajoy reduces pressure for him to seek a bailout.

Veolia Environnement SA retreated 5 percent after denying it’s working on a merger with Suez Environnement. Nexans SA slid