Monday, May 21, 2007

European Commodity Stocks Advance, Paced by BHP Billiton, BP; Elan Climbs

(Bloomberg) -- European commodity stocks climbed,
paced by BHP Billiton Ltd., Xstrata Plc and BP Plc, after metal
and oil prices advanced.

Elan Corp. had the largest gain in more than three years as
Ireland's biggest drugmaker said its experimental Alzheimer's
medicine will move into the advanced testing stage. Societe
Generale, Axa SA, and STMicroelectronics NV weighed on indexes as
the shares traded without the right to their latest dividend.


Read more at Bloomberg Stocks News

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