Wednesday, June 6, 2007

European Stocks Drop on Interest-Rate Concern; E.ON, Iberdrola Fall

(Bloomberg) -- European stocks declined for a third
day on expectations the European Central Bank will raise interest
rates today and signal further increases.

E.ON AG and Iberdrola SA led a drop by utilities, among
companies most sensitive to shifts in borrowing costs. Thales SA
fell after Societe Generale SA downgraded the stock.


Read more at Bloomberg Stocks News

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