European Stocks Drop to 10-Day Low on U.S. Economic Worries
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European stocks slid in a broad retreat after minutes from the Federal Reserve’s last meeting and U.S. unemployment data stoked concern about the recovery in the world’s largest economy.
The Stoxx Europe 600 Index dropped 1.1% to a 10-day low at the close, with all but one of the 19 industry groups declining. Cyclicals such as miners, carmakers and banks were among the worst performers.