European Stocks Fall on Weak Earnings Reports

“European stocks declined for the fifth time in six days, after a late-day selloff in U.S. equity benchmarks, and as companies including ICAP Plc (IAP) and Mediaset SpA reported earnings that disappointed investors. U.S. index futures rose, while Asian shares were little changed.

ICAP dropped 5.9 percent after the world’s largest broker of transactions between banks reported a slump in earnings. Mediaset declined 4.5 percent after the broadcaster cut its full-year profit forecast. Vivendi (VIV) SA climbed 4.5 percent after it said earnings will fall less this year than it had expected.”

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