European Stocks Drop After U.S. Services, Orders Reports

European stocks fell after a U.S. report that showed weakness in the services industry, while factory orders rose faster than forecast.

Remy Cointreau SA and Edenred SA each fell at least 2.1 percent after Natixis SA cut its stock recommendations. Ziggo NV rallied 3.6 percent after people familiar with the matter said Liberty Global Plc is preparing an acquisition of the Dutch broadband provider. RSA Insurance Group Plc jumped 6.2 percent after a report said the insurer’s Irish unit won’t require further capital injections. Banca Monte dei Paschi di Siena SpA and Commerzbank AG helped send European lenders higher.