European Stocks Decline With BHP Billiton, Energy Producers Down

European stocks fell for a fourth time in five days.The Stoxx Europe 600 Index dropped 0.2 percent to 395.7 at 8:10 a.m. in London as energy producers fell 0.4 percent as a group.

The index lost 0.9 percent last week, led by declines in Greek and German stocks, as the euro gained, bonds tumbled and economic data in the U.S. missed estimates.

BHP Billiton Ltd. dropped 5.7 percent after South32 Ltd., the miner spun off from it, missed analyst estimates on its Sydney trading debut.

Edenred slid 3 percent after the company that sells prepaid meal vouchers said its chief executive officer will leave on July 31. Marks & Spencer Group Plc gained 2 percent after a report that the retailer may return cash to shareholders.

 Aveva Group Plc climbed 5.8 percent after the Sunday Times said Schneider Electric SE has held talks with bankers about a bid for Aveva.

The DAX Index was little changed after a 2.2 percent drop last week. Greece’s ASE Index declined 3.2 percent last week.

Greek banks are running short on the collateral they need to stay alive as lenders use collateral parked at the Greek central bank to tap more and more emergency liquidity in a lifeline that could be maxed out within three weeks.

The Stoxx 600 lost 4.3 percent from its record in April through the end of last week, trimming its annual advance to 16 percent.

bloomberg.com