Europe Stocks Drop as Italy’s Forecasts Cloud Euro-Area
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European stocks fell to the lowest level in more than five weeks after Italy cut its economic-growth forecasts and U.S. manufacturing data missed estimates.
J Sainsbury Plc slumped to the lowest price in more than 11 years after saying it won’t see a return to growth in same-store sales this year. Orange SA fell 4.1 percent as Bpifrance sold a stake in the company for 580 million euros ($731 million). Adidas AG rose after announcing a plan to return as much as 1.5 billion euros to shareholders.