(Bloomberg) -- European stocks dropped for the first
time in three days after Home Depot Inc., the world's largest
home-improvement retailer, cut its profit forecast, reinforcing
concern the U.S. housing market is dragging on the economy.
Wolseley Plc, a distributor of plumbing equipment that
generates more than half of its sales in the U.S., and
homebuilder Taylor Wimpey Plc led the decline. Siemens AG,
Europe's biggest engineering company, and Volkswagen AG, the
region's largest carmaker, also fell.
Read more at Bloomberg Stocks News
time in three days after Home Depot Inc., the world's largest
home-improvement retailer, cut its profit forecast, reinforcing
concern the U.S. housing market is dragging on the economy.
Wolseley Plc, a distributor of plumbing equipment that
generates more than half of its sales in the U.S., and
homebuilder Taylor Wimpey Plc led the decline. Siemens AG,
Europe's biggest engineering company, and Volkswagen AG, the
region's largest carmaker, also fell.
Read more at Bloomberg Stocks News
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