European Stocks Fall on Italy Auction, U.S. Budget Woes
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European stocks declined as Italian bonds fell after a debt auction and concern grew that budget wrangling in Washington will lead to a government shutdown.
Vallourec SA plunged 8.2 percent after warning that slower drilling in Brazil and a weak real may hurt profit. Vestas Wind Systems A/S rose to its highest price since June 2011 after Mitsubishi Heavy Industries Ltd. and the Danish turbine maker agreed to form a venture to develop offshore wind energy.