European Stocks May Drop on China Concern; Lafarge, BP Shares Might Fall

(Bloomberg) -- European stocks may decline after
former Federal Reserve Chairman Alan Greenspan said shares in
China, the world's fastest growing major economy, could face a
``dramatic contraction.''

U.S.-traded securities of Lafarge SA, the world's biggest
cement manufacturer, and BP Plc, Europe's second-largest oil
company, dropped.


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U.S. Stocks Fall on Greenspan Comments, Reports of Persian Gulf Navy Ships

(Bloomberg) -- Most U.S. stocks fell on reports
former Federal Reserve Chairman Alan Greenspan warned that
Chinese shares may face a ``dramatic decline'' and on speculation
the military is adding to forces near Iran.

Shares of utility and technology companies led the retreat.


Read more at Bloomberg Stocks News