European Stocks Fall as Investors Watch U.S. Deadlock
This article is for subscribers only.
European stocks fell for a second day, extending a four-week low, as investors watched the start of the U.S. earnings-reporting season and efforts to end a government shutdown in the world’s largest economy.
Telecom Italia SpA lost 1.8 percent as Standard & Poor’s said it may downgrade the phone company’s debt to non-investment grade. TGS Nopec Geophysical Co. tumbled the most in two years after reducing its revenue forecast. Celesio AG jumped to a three-year high on a report that McKesson Corp. may buy the German drug distributor.