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European stocks fell
European stocks fell, erasing their fifth weekly gain, as investors awaited data on American jobs amid mounting concern that stronger economic data will spur the Federal Reserve to reduce bond purchases sooner than expected. U.S. index futures rose, while Asian shares fell.
The Stoxx Europe 600 Index dropped 0.6 percent to 321.31 at 9:37 a.m. in London. The benchmark gauge erased its weekly advance as an unexpected interest-rate cut by the European Central Bank pointed to a weak regional economy, overshadowing better-than-forecast company results. S&P 500 Index futures added 0.3 percent today, while the MSCI Asia Pacific Index slid 0.4 percent.
Total SA fell 1.4 percent, contributing the most to the benchmark gauge’s decline, after an investor sold shares in Europe’s second-largest oil producer.
Finmeccanica SpA slumped 6.2 percent after lowering a profit target for 2013.
Cie. Financiere Richemont SA fell 1.7 percent after posting first-half operating profit that missed analysts’ estimates.
International Consolidated Airlines Group SA jumped 5.8 percent after raising full-year forecast.
FTSE 100 6,665.21 -32.01 -0.48%
CAC 40 4,241.92 -39.07 -0.91%
DAX 9,023.03 -58.00 -0.64%
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