Skip to content
Subscriber Only
Business
Economics

European Stocks Decline From Highest Level in Six Years

European stocks fell from a six-year high as declines in banks including Credit Suisse Group AG outweighed better-than-forecast data on U.S. home purchases.

Credit Suisse retreated 2.5 percent as a person familiar with the matter said U.S. regulators are investigating its accounting practices. Jeronimo Martins SGPS SA dropped 6.5 percent after reporting 2013 net income that missed predictions. Anheuser-Busch InBev NV rose 2.8 percent after the brewer posted earnings growth that exceeded estimates and predicted improvements in its largest markets.