(Bloomberg) -- European stocks fell after Royal KPN NV, the largest phone company in the Netherlands, reported earnings that missed analysts' estimates and chemical maker Clariant AG's profit dropped.
Europe's Dow Jones Stoxx 600 Index has climbed 6.6 percent this year, closing yesterday at the highest since September 2000, as bid speculation intensified and earnings beat projections. Analysts predict profit will rise 6.4 percent this year, based on data from FactSet Research Systems Inc. in London.
Read more at Bloomberg Stocks News
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