(Bloomberg) -- European stocks dropped on
speculation increasing borrowing costs and higher oil prices
will weigh on corporate earnings.
Retail shares fell after Tesco Plc, the U.K.'s largest
supermarket operator, predicted a ``tougher year'' because of
rising interest rates and growing competition. Air France-KLM
Group and British Airways Plc, among the most sensitive to
changes in the price of oil, led travel and leisure stocks to
the lowest in more than two months.
Read more at Bloomberg Stocks News
speculation increasing borrowing costs and higher oil prices
will weigh on corporate earnings.
Retail shares fell after Tesco Plc, the U.K.'s largest
supermarket operator, predicted a ``tougher year'' because of
rising interest rates and growing competition. Air France-KLM
Group and British Airways Plc, among the most sensitive to
changes in the price of oil, led travel and leisure stocks to
the lowest in more than two months.
Read more at Bloomberg Stocks News
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