European Stocks Fall on Rate Concern; E.ON, Iberdrola, Vodafone Lead Drop

(Bloomberg) -- European stocks fell for the first
time in three days, led by utilities and phone companies, on
concern central banks will continue to raise interest rates.

E.ON AG, the world's largest utility by sales, Iberdrola SA,
Spain's second-biggest power company, and Vodafone Group Plc
paced the decline. Deutsche Telekom AG dropped after a report
Europe's largest phone company is struggling to find a partner
for its T-Systems computing-services division.


Read more at Bloomberg Stocks News