European stocks declined, heading for their first drop in six sessions, as a broad selloff began after shares had reached their highest level since 2015 on Monday.
The Stoxx Europe 600 Index fell 0.2 percent at 8:32 a.m. in London, led by health-care shares, following Asian equities lower. Defensive companies in the utilities sector outperformed.
German growth accelerated less than anticipated in the fourth quarter as strong fundamentals in Europe’s largest economy were countered by increased uncertainty abroad.
Credit Suisse Group AG rose as much as 4.2 percent, outperforming its peers in the Stoxx 600 Banks Index, after the lender said it took a charge to settle a U.S. investigation into the role of its mortgage securities business in the 2008 financial crisis. Chief Executive Officer Tidjane Thiam called this a “game-changer” that leaves the bank in a “more comfortable position to look today at our capital planning.” Investors are monitoring the narrative coming out of the White House, as signs of turmoil in the U.S. administration emerge. President Donald Trump’s national security adviser resigned amid questions over his contacts with Russia.
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