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Europe Stocks Sink Most in 18 Months on Stimulus Outlook

European stocks sank the most in more than 18 months after Federal Reserve Chairman Ben S. Bernanke said the central bank may end bond purchases next year if the economy strengthens in line with forecasts.

Rio Tinto Group and Renault SA led mining and automobile companies lower as a gauge of Chinese manufacturing fell. Swatch Group AG slid the most in almost 21 months after Swiss watch exports declined. Eurotunnel Group SA tumbled 12 percent after Les Echos reported the European Commission will demand a reduction in tolls to use the Channel Tunnel.