European stocks fell for the first time in three days, dragged lower by energy and media companies.
The Stoxx Europe 600 Index lost 0.6 percent at 8:22 a.m. in London. Royal Dutch Shell Plc and Repsol SA were among the companies that declined as oil dropped for a second time in three days. JC Decaux SA and Numericable-SFR led media shares lower after earnings.
The gauge for European equities advanced 1.4 percent in the past two days, rebounding from a one-month low amid earnings and easing concern over the efficiency of central-bank policy. The Stoxx 600 still closed 4.1 percent below the high it reached on April 20 and down more than 8 percent for the year. In Greece, the benchmark ASE Index is close to erasing its annual losses as euro-area finance ministers presented the first-ever plans for a debt relief on Monday.