European Stocks Drop Amid Portugal Uncertainty as Crude Surges
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European stocks dropped the most in more than a week as Portugal’s coalition government splintered and crude oil surged above $100 a barrel amid rising political unrest in Egypt.
Banco Espirito Santo SA and Banco Comercial Portugues SA declined the most since 2011 as Portugal’s 10-year bond yield climbed above 8 percent for the first time since November. Air France-KLM Group followed airlines lower, falling 1.6 percent, amid rising oil prices.