European Stocks Slide, Extending Biggest Weekly Drop Since March
July 15, 2011, 3:27 AM EDTBy Corinne Gretler
July 15 (Bloomberg) -- European stocks fell as Standard & Poor’s Ratings Services became the second agency this week to say it may cut the U.S.’s top credit rating and investors awaited stress tests on European banks.
The Stoxx Europe 600 Index dropped 0.3 percent to 266.77 8:03 a.m. in London. The gauge has fallen 2.6 percent this week, the biggest drop since March, amid concern that the sovereign- debt crisis will spread from Greece to the larger economies of Italy and Spain.
--Editor: Andrew Rummer
To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net
To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net
