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European Stocks Drop Amidst Fears Over Spain, France

European stocks fell to a three- week low, trimming a quarterly gain for the benchmark Stoxx Europe 600 Index, as investors awaited the results of stress tests on the Spanish banking system.

Hennes & Mauritz AB declined 1.7 percent after SEB AB and CA Cheuvreux SA advised investors to sell the shares. Electrocomponents Plc (ECM) plunged the most in more than seven years after saying full-year profit will miss projections. Cap Gemini SA (CAP) rose 0.8 percent after Accenture Plc forecast full-year earnings that topped analyst estimates. Air France-KLM gained 4.6 percent after UBS AG upgraded the shares.

Source: Bloomberg. Read full article. (link)

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