European Stocks Decline After Stoxx 600’s Three-Day Rally
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European stocks declined after the biggest three-day rally since April sent valuations to their highest level since 2009.
Erste Group Bank AG tumbled the most since February 2009 after predicting a full-year loss. BNP Paribas SA lost 2.1 percent after Macquarie Group Ltd. downgraded the French lender. JC Decaux SA added 0.9 percent after HSBC Holdings Plc raised its recommendation on the shares.