European Stocks Decline for Fourth Day Amid Iraq Violence 

European stocks fell for a fourth day, the longest stretch in seven weeks, as violence in the Middle East escalated.
U.S. index futures were little changed, while Asian shares declined. GDF Suez SA dropped 3 percent after France said it will sell as much as 1.79 billion euros ($2.44 billion) of shares in the nation’s largest natural-gas distributor. Banco Comercial Portugues SA decreased 5.2 percent after saying it plans a 2.25-billion euro capital increase. Actividades de Construccion y Servicios SA lost 1.5 percent as Corporacion Financiera Alba (ACS) is selling a 3.7 percent stake in Spain’s biggest builder. The Stoxx Europe 600 Index dropped 0.6 percent to 343.58 at 8:11 a.m. in London. The benchmark equity index has lost 1.3 percent in the past four days as investors weighed developments in Iraq, and economic data showed euro-area manufacturing weakened, while German business confidence dropped to the lowest level this year. Standard & Poor’s 500 Index futures retreated less than 0.1 percent today, while the MSCI Asia Pacific Index fell 0.4 percent.
Source: Bloomberg

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