Most European stocks fell amid renewed concern that the region’s debt crisis may worsen and as the Federal Reserve said the U.S. economic recovery is not strong enough to scale back its stimulus measures.
German stocks fell as optimism that the 85 billion-euro ($111.3 billion) aid package for Ireland will stem Europe’s sovereign-debt crisis withered and investors demanded higher returns at Italian and Belgian bond auctions.
European stocks swung between gains and losses, with the Stoxx Europe 600 Index traded near a two- year low, as bank shares reversed their earlier losses. U.S. futures dropped, while Asian shares were little changed.
The benchmark index for U.S. stock options rose toward a three-month high as concern about Greece’s bailout wiped out the 2010 gain for the MSCI World Index and boosted demand for contracts to protect stocks.