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European Stocks Decline on Earnings Reports

European stocks fell, after the Stoxx Europe 600 Index climbed yesterday to a six-year high, as investors weighed earnings and equity valuations.

Mediaset SpA declined 6.6 percent after the Italian broadcaster controlled by former Prime Minister Silvio Berlusconi swung to a first-quarter loss. Banco Comercial Portugues SA led lenders lower in Lisbon after a report that it plans a capital increase. Compass Group Plc rallied to a record after saying it will return $1.7 billion to investors. Nordex SE rose to its highest price since May 2009 after raising its full-year forecasts.