European Stocks Slide as Deutsche Bank, Daimler Drop on Earnings
European Stocks Fall as BOE Raises Growth Forecast
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European stocks fell for the fourth time in five days as a slew of worse-than-forecast results and tepid forecasts damped the outlook for corporate health.
The Stoxx Europe 600 Index fell 0.3 percent at the close. Drugmakers led declines as Novo Nordisk A/S slid 7.3 percent after trimming its 2017 sales projection. Daimler AG dropped 2.7 percent after saying profit will rise only “slightly” this year, while Deutsche Bank AG tumbled 5.2 percent after its quarterly trading revenue missed analysts’ estimates.