ROME: European stocks fell Monday, as Deutsche Bank AG posted a slide in quarterly profit, while prospects for a resolution to Greece’s debt troubles appear to be dimming.
Stoxx Europe 600 SXXP, -0.34% turned lower early in the session, losing 0.4% to 406.78. No sectors were moving higher.
In Frankfurt, the DAX 30 DAX, -0.19% shed 0.2% to 11,789.68, with Deutsche Bank DB, +0.32% putting in the worst performance as its shares dropped 4.6%. The largest bank in Germany said first-quarter net profit dropped about 50% to 559 million euros ($607.8 million), cut down by penalties the company agreed to pay to settle allegations over manipulating the London interbank offered rate, or Libor.
