Wed, 22 Aug 2012 13:27:52 GMT
European stocks drop on Japan trade deficit
Europe's stocks declined to almost three-week low after Japan's trade deficit widened more-than-expected and investors waited for the European leaders meetings' outcome. The Stoxx Europe 600 Index tumbled 0.9% to 270.27, the biggest decline since Aug. 2. Contracts on the S&P 500 fell 0.2%, while the MSCIA Pacific Index dropped 0.5%.