Europe Markets: Auto makers, Italian stocks drag European shares lower

European stocks fell Thursday, suffering their fourth loss in five sessions, with auto shares under pressure and Italian shares flipping down following developments surrounding the country’s coalition government.

U.K. stocks erased an earlier gain as the pound rallied after the Bank of England signaled a rate rise could come in August.

How markets are performing

The Stoxx Europe 600 Index SXXP, -0.90% fell 0.9% to end at 380.85, logging its lowest close since April 25, according to FactSet data.

Italy’s FTSE MIB I945, -2.02% fared the worst, falling by 2% to 21,673.11. Germany’s DAX 30 index DAX, -1.44% dropped 1.4% to 12,511.91.

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