Thu, 25 Jul 2013 13:31:04 GMT
European equities drop on earnings data
European stocks fell by almost the most in three weeks as BASF, the largest chemical company in the world, and ABB published earnings data that were below investor expectations. The Stoxx Europe 600 gauge declined 1% to 298.2 as of 12:06 p.m. London time, the largest loss since July 5. Also the S&P 500 lost 0.5% and the MSCI Asia