Monday, April 16, 2007

European Stocks May Retreat, Paced by BHP Billiton and Nestle Shares

(Bloomberg) -- European stocks may fall from a 6 1/2-year high, tracking declines in Asian equities. BHP Billiton Ltd. and Nestle SA might drop.

Pirelli & C. SpA may be active after AT&T Inc. retracted a bid to buy a stake in Telecom Italia SpA's controlling shareholder. Tesco Plc might move after the retailer posted a 20 percent gain in full-year profit. Debenhams Plc may fall after Britain's second-largest department-store company said full-year earnings will be below analysts' estimates.


Read more at Bloomberg Stocks News

No comments: