Economics
European Stocks Fall as Stoxx 600 Extends Weekly Loss; KPN Slips
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European stocks fell, extending a weekly loss, as oil and gas companies dropped, outweighing better-than-expected euro-area economic confidence data.
BP Plc and Royal Dutch Shell Plc each slipped at least 1 percent as crude declined after the U.K. parliament rejected a motion for military action against Syria. Royal KPN NV slid 3.4 percent after America Movil SAB said it may withdraw its takeover bid if opposed by the company’s independent foundation. Hermes International SCA climbed 2.1 percent after reporting operating profit that surpassed analysts’ estimates.