European Stocks Decline Third Day as Air France Falls on Warning
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European stocks fell the most in almost three months, led by travel and leisure companies, after Air France-KLM Group cut its full-year profit forecast.
Air France-KLM slumped the most since October 2011 after saying earnings will be hurt amid overcapacity on North American and Asian routes, poor demand for freight and the fallout from a dispute with Venezuela. Commerzbank AG fell to its lowest price since December after a person with knowledge of the matter said it will probably be the next bank to resolve alleged U.S. sanctions violations.