European Stocks Retreat as Banks Fall After U.S. Data Miss

European stocks fell for the second time this week as banks slid after disappointing U.S. economic data signaled uneven growth ahead of the Federal Reserve’s rate decision.

The Stoxx Europe 600 Index lost 0.3 percent at the close, reversing an earlier advance of as much as 0.7 percent. The region’s lenders tracked losses in U.S. peers as the dollar weakened following data showing that inflation cooled and retail sales unexpectedly contracted in the world’s biggest economy. Miners slid to a six-week low and energy shares fell to a November low. Technology shares rebounded for a second day, following their biggest slump in almost a year.