European Stocks Drop on Renewed Trade Concerns; Ericsson Soars

European stocks fell, after China threatened further retaliatory measures against the US. Ericsson AB soared as the Swedish telecom equipment maker reported robust earnings.

The Stoxx Europe 600 Index dropped 0.4% by the close in London. France’s CAC 40 Index trimmed declines to 0.2% as Prime Minister Sebastien Lecornu said he would propose suspending application of the country’s pension reform, sacrificing a key economic measure in an endgame bid for political stability.