European Stocks Fall on Bond Yields; Allianz, British Energy Decline

(Bloomberg) -- European stocks dropped for a second
day on concern rising bond yields will undermine profit growth
and erode demand for equities.

Allianz SE and British Energy Group Plc led declines by
insurers and utilities, among the most sensitive to higher
interest rates. Construction shares fell to the lowest in six
weeks, paced by Bouygues SA and Skanska AB, on speculation
refinancing costs for projects might rise.


Read more at Bloomberg Stocks News