Wednesday, April 18, 2007

European Stocks Drop, Led by GlaxoSmithKline, BP; Adidas Shares Advance

(Bloomberg) -- European stocks fell for the first time in four days after the dollar weakened against regional currencies, raising concern earnings at exporters will drop. GlaxoSmithKline Plc and BP Plc led the slide.

The Dow Jones Stoxx 600 Index dropped 0.2 percent to 387.1 at 8:18 a.m. in London, falling from its highest since October 2000. The Stoxx 50 fell 0.2 percent and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, lost 0.4 percent.


Read more at Bloomberg Stocks News

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