European stocks fell, following their longest streak of weekly losses in more than a year, as worse-than-estimated financial results added to concerns over the region’s economic recovery. SAP SE lost 5.8 percent after the world’s largest supplier of business-management software cut its full-year earnings forecast. Royal Philips NV declined 3.7 percent after third-quarter sales and profit missed analysts’ estimates. Nutreco NV rallied the most since at least 1997 after SHV agreed to buy the fish-feed maker. The Stoxx Europe 600 Index slid 0.5 percent to 317.01 at the close of trading, after earlier falling as much as 1.1 percent. European equities have led a rout that erased as much as $5.5 trillion from the value of shares worldwide amid speculation that the European Central Bank’s stimulus measures will not be enough to spur growth. “This correction might be the symptom for something larger,” Benedict Goette, founder of asset-management firm Compass Capital AG in Zurich, said in an interview. “I do not expect a big positive impulse from the current earnings season in Europe. Unless a multi-day upmove develops, people will remain nervous. We’re now in the highly volatile phase of attempting to bottom, but I would expect a final bottom only by the end of October or mid-November.” bloomberg