Wednesday, June 13, 2007

European shares retreat on global rate concerns

(Reuters) - European stocks fell on Wednesday, mirroring losses in U.S. and Asian markets as government bond yields hovered near five-year highs and stoked worries of higher borrowing costs.

Financials including ING and Allianz were among the biggest negative weights in the FTSEurofirst 300 index. Among gainers, British bank Alliance & Leicester added 1.5 percent after it issued an upbeat trading update.


Read more at Reuters Africa

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