European stocks fell for a second day, with the benchmark index heading for its biggest weekly drop since June, as investors speculated that equity gains have overshot the earnings outlook
ARM Holdings Plc lost 4.9 percent as information-technology shares followed a slump in their U.S. peers yesterday. Thales SA declined the most since September 2012 after JPMorgan Chase & Co. lowered its recommendation. Mediaset Espana Comunicacion SA tumbled the most in five months after its second-biggest shareholder sold a part of its stake. Salzgitter AG rose 2.1 percent after Citigroup Inc. advised investors to buy the stock.
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