Declines in commodity and energy producers dragged down European stocks from a two-month high, after the Bank of Japan refrained from boosting its record monetary stimulus.
Anglo American Plc tumbled 11 percent. Antofagasta Plc slid 4.5 percent, paring losses of as much as 11 percent, after abandoning its dividend and saying annual profit slumped 99 percent. A gauge of energy shares tracked crude lower, with Tullow Oil Plc and Seadrill Ltd. down more than 9.5 percent.
The Stoxx Europe 600 Index dropped 1.1 percent at the close of trading. The benchmark yesterday capped its biggest two-day rally in three weeks as investors reassessed the European Central Bank’s stimulus package. Asian shares fell today after the BOJ kept its negative policy rate and asset-purchase plans unchanged, while Federal Reserve and Bank of England decisions are also due this week.
Source : Bloomberg