European stocks fell, the euro weakened and U.S. stock-index futures were little changed before a U.S. report that may show slowing growth in the world’s biggest economy. Commodities pared gains and Italian bonds fell. The Stoxx (SXXP) Europe 600 Index declined 0.2 percent at 9:58 a.m. in London. Standard & Poor’s 500 Index futures dropped less than 0.1 percent. Oil in New York was 0.4 percent higher. Italy’s two-year note yield rose five basis points to 4.11 percent. The euro slipped 0.3 percent to $1.2249. Data today are forecast to show the U.S. economy expanded at the slowest pace in a year and French Finance Minister Pierre Moscovici said he “trusts� European Central Bank President Mario Draghi to do what’s needed to help Europe’s rebound. Facebook Inc. (FB) fell 7.7 percent in German trading after reporting slower sales growth and narrower profit margins. Chevron Corp. and Merck & Co. are due to release results today. “It is evident that some policy action is needed,� said Michael Markovic, head of global rates research at Credit Suisse Group AG’s private bank in Zurich. “Our focus will continue to be on what comes out of the European Central Bank.� U.S. gross domestic product, the value of all goods and services the nation produced, probably expanded at a 1.4 percent annual rate in the second quarter, according to the median forecast of 81 economists surveyed by Bloomberg News before the Commerce Department report at 8:30 a.m. in Washington. That would be the slowest since the second quarter last year. To contact the reporters on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net Richard Frost in Hong Kong at rfrost4@bloomberg.net To contact the editor responsible for this story: Stuart Wallace at swallace6@bloomberg.net

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