European Stocks Decline; UBS, Siemens, Royal Dutch Shell Lead Drop

(Bloomberg) -- European stocks fell for a second
day, led by banks and exporters, on concern mounting U.S.
mortgage losses will hamper the world's biggest economy and slow
global expansion.

UBS AG, the world's largest money manger, and engineering
company Siemens AG led declines. Royal Dutch Shell Plc paced the
drop after Goldman, Sachs & Co. recommended investors sell the
oil producer's shares.


Read more at Bloomberg Stocks News