European Stocks Decline Amid Speculation of Fed Tapering
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European stocks fell for a second day, following Asian shares lower, amid speculation the Federal Reserve will curb its bond-buying program as soon as next month.
BHP Billiton Ltd. lost 1.7 percent after posting full-year net income that missed analyst forecasts. Glencore Xstrata Plc slid 1.6 percent after writing down $7.7 billion of assets, even as it posted first-half adjusted net income that beat analyst predictions. Lindt & Spruengli AG rose to its highest price since November 2007 as the world’s largest maker of premium chocolate reported earnings before interest and taxes that exceeded estimates.