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Europe Markets: European stocks snap winning streak, with ECB on deck

European stocks fell Thursday for the first time in seven sessions, with Deutsche Bank AG shares falling despite a leap in profit, as investors waited for a policy update from the European Central Bank.

The Stoxx Europe 600 SXXP, -0.45% fell 0.4% to 387.26. No sector traded higher, with oil and gas, consumer goods and utility shares logging the biggest losses. The index on Wednesday rose 0.5%, ending at the highest level since August 2015.

The march of earnings reports continued Thursday. Deutsche Bank DB, +1.89%DBK, -3.49% shares dropped 3% after the German lending heavyweight’s profit doubled in the first quarter, but revenue came in roughly flat when adjusted for the impact of credit spreads.

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