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European stocks fell to a seven-week low, following a selloff in Asian equities, as investors speculated this year's rally has overshot the earnings outlook amid concern that central banks may pare stimulus measures. U.S. futures and Asian shares also declined.
The Stoxx Europe 600 Index slipped 1.4 percent to 286.57 at 10:13 a.m. in London, heading for its worst weekly decline in a year. The gauge has lost 7.7 percent since Federal Reserve Chairman Ben S. Bernanke said May 22 that the central bank may pare its quantitative easing if the U.S. economy improves sustainably.
The World Bank said in a report that the global economy will expand 2.2 percent this year, less than a January forecast for 2.4 percent growth and slower than last year's 2.3 percent. It lowered its projection for developing economies and said the euro area's gross domestic product will fall 0.6 percent.
U.S. retail sales probably increased 0.4 percent in May, following a 0.1 percent gain a month earlier, economists said before a report at 8:30 a.m. in Washington.
Home Retail tumbled 10 percent to 129.4 pence, the most since May 2012, after saying it expects consumer spending to remain subdued this year. Same-store sales at Argos stores rose 1.9 percent in the 13 weeks ended June 1, missing the 3 percent-gain estimated by analysts.
France Telecom SA declined 1.2 percent to 7.38 euros after French Finance Minister Pierre Moscovici said its board should meet "as soon as possible" to discuss the consequences of CEO Stephane Richard being charged in a probe dating to when he was chief of staff for then-Finance Minister Christine Lagarde.
Rhoen-Klinikum gained 12 percent to 18.60 euros, its biggest advance since April 2012, as shareholders abolished a clause requiring a majority of 90 percent of capital represented at its annual meetings to approve decisions. Last year's takeover bid from Fresenius SE failed to clear the threshold after rival Asklepios Kliniken GmbH bought a stake.
FTSE 100 6,224.44 -75.01 -1.19%
CAC 40 3,763.39 -30.31 -0.80%
DAX 8,007.39 -135.88 -1.67%
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