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- European stocks declined
European stocks declined
European stocks declined after the Federal Reserve failed to signal more quantitative-easing measures to spur growth in the world’s largest economy. U.S. index futures and Asian shares also dropped.
The Federal Open Market Committee’s June 19-20 meeting debated the need for further stimulus measures, minutes released yesterday in Washington showed. Two participants supported additional bond purchases, while two others said only a further deterioration in the economy would warrant them.
Temenos Group AG plunged 21 percent to a three-year low after reducing its estimate for 2012 revenue-growth range and saying its chief executive officer quit.
PSA Peugeot Citroen gained 3.4 percent after saying it will cut 3,600 more jobs.
Aegis Group Plc surged 45 percent, the most in 21 years, after Japan’s Dentsu Inc. agreed to buy the company.
FTSE 100 5,627.03 -37.45 -0.66%
CAC 40 3,145.38 -11.87 -0.38%
DAX 6,403.35 -50.50 -0.78%
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