European stocks drop on German confidence outlook

Source: Bloomberg
© Scanpix/FP
European stocks fell after the German confidence grew less than it was estimated. The Stoxx Europe 600 Index lost 0.3% to 399.08 as of 10:01 a.m. London time, after the earlier 0.2% gain and the gauge closed at its strongest point since June 2007 yesterday. German investor confidence climbed from 53 to 54.8 in February, compared to the economists' forecast of 59.4.
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