European Stocks Slide as Brexit Optimism Pulls FTSE 100 Lower
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European stocks fell to the lowest level in a month amid mixed earnings reports, with the U.K.’s FTSE 100 hit by sterling’s strength on bets that a Brexit deal might be possible next month.
The Stoxx Europe 600 Index closed down 1.3% in London. Travel, energy and construction sectors were among the biggest decliners. Unilever dropped 1.4% ahead of the consumer-goods company’s quarterly report on Thursday. Vinci SA fell 3.2% as analysts said the airports business remains a drag on the group. Ericsson jumped 9.6% after posting stronger-than-expected profit.