European stocks declines halting the four-week gain of the Stoxx Europe 600 Index, due to investors’ expectation that U.S. manufacturing growth slowed.
The Stoxx 600 fell 0.2 percent to 321.7 at 10:54 a.m. in London. The gauge has gained 0.5 percent this week, as it closed at its highest level yesterday level since May 2008, as the Federal Reserve refrained from curbing stimulus measures and as companies from BNP Paribas SA to Volkswagen AG reported better-than-forecast profit.
The release of the Supply Management’s manufacturing index recorded a decrease yesterday to 55 for last month from September’s 56.2, which was the strongest since April 2011. Investors eagerly awake data next week to gauge the health of the U.S. economy following the announcement of the Federal Reserve this more evidence of sustained growth is needed before restricting the amount of its monthly bond purchasing.