Skip to content
Subscriber Only

European Stocks Fall as Euro-Area Growth Misses Estimates

European stocks fell the most in a month as first-quarter euro-area economic growth missed forecasts, while companies including Deutsche Post AG and Thomas Cook Group Plc slid after posting results.

Deutsche Post lost the most in two years after first-quarter earnings before interest and taxes missed projections. Thomas Cook sank the most in more than two years after saying sales in the first-half retreated 6.6 percent. Cie. Financiere Richemont SA gained the most in a year after the maker of Cartier jewelry said it will raise its dividend. Hennes & Mauritz AB climbed the most since September after reporting higher-than-forecast sales for April.