European stocks drop as China debt jitters return: Markets Wrap

News Snapshot:

(Bloomberg) — European shares fell, taking their cue from Asian markets as concern about the debts of Chinese real estate companies weighed on sentiment. Most Read from Bloomberg The Stoxx 600 dropped 0.3%, while declines for equity markets in China, Australia and South Korea pulled a region-wide share gauge lower for the fifth time in six days. A Bloomberg Intelligence index of the China’s property developers sank as much as 6.6%, heading for its worst session in nine months. US stock futures pointed to modest gains, while Treasuries were down. Oil climbed as hedge funds piled on bets tightening supplies...