European Stocks Drop to Their Lowest Level in Six Weeks
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European stocks retreated to their lowest level in six weeks as investors weighed comments by Federal Reserve policy makers on when to scale back the central bank’s bond-buying program.
Tesco Plc slid the most in 16 months after the U.K.’s largest retailer reported same-store sales that fell short of analysts’ estimates. Carrefour SA lost 4.1 percent after HSBC Holdings Plc recommended that investors sell the French retailer’s shares. Man Group Plc plunged 17 percent after reporting a decline in the net assets of its flagship fund.