BLOOMBERG.COM
European stocks fell from a four-week high as disappointing earnings and outlooks dragged airline shares lower, while the euro remained little changed after the region’s central bank kept interest rates on hold. The Stoxx Europe 600 Index retreated, with Deutsche Lufthansa AG cutting its earnings forecast. The euro hovered near a three-week low and a measure of corporate credit risk fell to a four-month low. The yen pared gains after an interview in which Bank of Japan Governor Haruhiko Kuroda dismissed the idea of so-called helicopter money was revealed as having been conducted in June. Turkish stocks fell the most worldwide after the president called for a state of emergency and S&P Global Ratings cut the country’s credit score.
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European stocks fell from a four-week high as disappointing earnings and outlooks dragged airline shares lower, while the euro remained little changed after the region’s central bank kept interest rates on hold. The Stoxx Europe 600 Index retreated, with Deutsche Lufthansa AG cutting its earnings forecast. The euro hovered near a three-week low and a measure of corporate credit risk fell to a four-month low. The yen pared gains after an interview in which Bank of Japan Governor Haruhiko Kuroda dismissed the idea of so-called helicopter money was revealed as having been conducted in June. Turkish stocks fell the most worldwide after the president called for a state of emergency and S&P Global Ratings cut the country’s credit score.
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