Bloomberg : Most European stocks retreated as German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected an expansion of the region’s rescue fund and rebuffed calls for joint euro borrowing.

 

  

Most European stocks retreated as German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected an expansion of the region’s rescue fund and rebuffed calls for joint euro borrowing.

By Julie Cruz - Aug 17, 2011 4:37 PM GMT+0800

Most European stocks retreated as German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected an expansion of the region’s rescue fund and rebuffed calls for joint euro borrowing. Photographer: Fabrice Dimier/Bloomberg

European stocks fell as German Chancellor Angela Merkel and French President Nicolas Sarkozyrejected an expansion of the region’s rescue fund and rebuffed calls for joint euro borrowing. Asian shares were little changed and U.S. index futures dropped.