European Stocks Drop for a Second Day on Ukraine Conflict 

European stocks fell for a second day, paring a weekly advance, amid concern that conflict between Ukraine and Russia is deepening. U.S. index futures were little changed, while Asian shares declined.
Air France-KLM and Deutsche Lufthansa AG dropped at least 1.5 percent each after saying they would avoid flying over eastern Ukraine. Volvo AB retreated 4.4 percent after posting second-quarter profit that missed analysts’ estimates. Ericsson AB advanced the most since January 2013 after posting quarterly profit margin that beat projections. The Stoxx Europe 600 Index lost 0.6 percent to 337.6 at 8:09 a.m. in London. The equity benchmark fell 0.9 percent yesterday after an Ukrainian official said that pro-Russian separatists shot down a Malaysian jet near the eastern town of Torez. It has still risen 0.3 percent this week. Standard & Poor’s 500 Index futures slipped less than 0.1 percent, while the MSCI Asia Pacific Index dropped 0.3 percent.
Source: Bloomberg

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