European stocks fell after Spain’s bond yields surged, Germany’s unemployment rate rose more than forecast and two-day summit of the region’s leaders started in Brussels.

German unemployment climbed in June for the fourth month this year and reached 6.8%.

Shares of Barclays Plc fell 15% after fines for falsifying London interbank-offered rate submissions sparked speculation lawsuits will follow.

Shares of Commerzbank AG sank 6.4% as the lender issued new shares.

Shares of Debenhams Plc lost 1.1% after the retailer reduced its forecast for profitability.

On result of today's session:

FTSE 5,474.78 -49.14 -0.89%

CAC 3,046.59 -16.53 -0.54%

DAX 6,141.24 -87.75 -1.41%