European stocks dropped the most in 11 weeks as health-care companies tumbled amid concern that tougher American tax rules will erode their takeover appeal and manufacturing growth slowed in the euro zone.
Shire and AstraZeneca lost at least 2.5 per cent each.
Raiffeisen Bank International — the lender with the most risk in Ukraine and Russia fell the most since September 2011 after predicting an annual loss.
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