European stocks fell for a second day after slowing sales growth at Oracle Corp. in the U.S. pushed technology
European stocks fell for a second day after slowing sales growth at Oracle Corp. in the U.S. pushed technology shares lower and a selloff in Thailand rattled investor confidence.
SAP AG and Business Objects SA led declines among software makers. BP Plc and Total SA slid after oil yesterday posted its biggest drop in a month.
The Dow Jones Stoxx 600 Index lost 0.8 percent to 363.1 at 9:11 a.m. in London, with all 18 industries declining. The Stoxx 50 fell 0.8 percent while the Euro Stoxx 50, a measure for the 12 nations sharing the euro, dropped 0.9 percent.
BP, Europe's No. 2 oil producer, dropped 0.6 percent to 572 pence while Total, the region's third-largest, lost 0.7 percent to 54.6 euros.