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.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team