Declines in commodity shares and lenders put an end to a rally in European stocks.
The Stoxx Europe 600 Index fell 0.6 percent at the close of trading in London. Seadrill Ltd. led the slide, tumbling 8.9 percent as oil fell after the world’s biggest crude exporter said it’s keeping up investments in energy projects. A gauge of miners also dropped, while lenders slid the most among industry groups.
The rout in commodity prices is once again weighing on risk assets amid concern that China’s slowdown will hurt global growth. After reaching the cheapest valuation in about two years on Wednesday, the Stoxx 600 enjoyed its biggest two-day surge since 2011 on speculation of more stimulus. European Central Bank President Mario Draghi signaled measures could come as soon as March.
Among shares active on corporate news, Kingfisher Plc sank 6.1 percent after Europe’s largest home-improvement retailer said that short-term earnings will suffer from a five-year plan to boost profit.