Sept. 25 (Bloomberg) -- European stocks fell for a second day as a drop in crude prices pushed energy shares lower and mining companies snapped a five-day rally.
Total SA, Anglo American Plc and Rio Tinto Group led the decline. BP Plc fell after a report that the company plans to announce staff cuts amid the worst financial performance since 1993. Deutsche Bank AG retreated after Merrill Lynch & Co. cut its estimate for the German bank's third-quarter earnings.
The Dow Jones Stoxx 600 Index lost 0.6 percent to 374.14 as of 9:02 a.m. in London. The Stoxx 50 declined 0.7 percent, while the Euro Stoxx 50, a measure for the euro region, dropped 0.6 percent.
``We have now changed from `will we have a serious bank crisis?' to `who is the winner, who is the loser?''' said Bernhard Maeder, vice president of portfolio management at Credit Suisse Asset Management in Zurich.
Asian stocks rose to a two-month high today, led by BHP Billiton Ltd. and Sumitomo Metal Mining Co., after prices of copper, nickel and zinc gained. U.S. stock-index futures fell.
Crude oil declined in New York as U.S. producers in the Gulf of Mexico increased output after a storm threat passed. Crude for November delivery sank as much as 0.9 percent to $80.22 on the New York Mercantile Exchange.
National benchmarks fell in all of the 17 western European markets that were open. France's CAC 40 lost 0.6 percent as did Germany's DAX. The U.K.'s FTSE 100 slipped 0.4 percent.
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