German stocks declined the most in more than a week after Portugal’s government lost the leader of its junior coalition partner, reviving concern that the country will cease its attempts to cut spending.
Swiss stocks climbed, after the Swiss Market Index dropped to its lowest level in six weeks yesterday, as a Federal Reserve official said the bank remains committed to buying assets to stimulate the economy.
German dealmaking this year may go down as one of the worst in the past decade after regulatory opposition killed Deutsche Telekom AG’s sale of T-Mobile USA and threatened Deutsche Boerse AG’s takeover of NYSE Euronext.
Germany’s DAX Index is on course to complete its best year since 2003 this week, with bulls saying the gauge will become the first national benchmark in the euro area to exceed its 2007 peak for earnings.
European stocks fell the most in two weeks as the European Commission cut its growth forecast for the region and concern over an impending fiscal crisis in the U.S. increased after the re-election of President Barack Obama.