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Selloff Worsens for European Stocks in Countdown to Fed Decision

  • Stoxx 600 posts its biggest weekly drop since August
  • ECB unsettled investors before Fed meeting, fund manager says
Bloomberg business news

The Stoxx Europe 600 at Two-Month Low

Updated on

A decline in European stocks deepened, sending equities to their worst week since August with only a few days to go before the Federal Reserve’s rate decision.

The Stoxx Europe 600 Index lost 2 percent at the close of trading, as all but 36 stocks fell. Carmakers and miners led declines -- Renault SA and BMW AG dropped at least 3.3 percent, while Anglo American Plc and BHP Billiton Ltd. slid 5.3 percent or more.