Energy Producers Lead Europe Stocks Down as Spanish Shares Fall
- Equities pare earlier advances as euro strengthens, oil drops
- All IBEX 35 companies fall, with CaixaBank tumbling 7.4%
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European equities, which managed to stay up most of the day despite a plunge in the Spanish market, capitulated in the last hour of trading.
The Stoxx Europe 600 Index dropped 1.1 percent at the close of trading in London, erasing an advance of as much as 0.8 percent as energy companies declined with oil and the euro strengthened. Spain’s IBEX 35 Index tumbled 3.6 percent, the most since August, after the nation’s prime minister lost his majority in an inconclusive weekend election.