Wednesday, June 27, 2007

European Stocks Drop for Fifth Day; Total, BHP, Northern Rock Pace Decline

(Bloomberg) -- European stocks fell for a fifth day,
paced by energy and basic-resources shares as crude oil traded
near a nine-day low and metals prices dropped.

Total SA, the region's largest refiner, and BHP Billiton
Ltd., the world's biggest mining company, declined. Northern Rock
Plc tumbled after the U.K.'s seventh-largest bank said it expects
2007 profit growth to miss analysts' estimates as interest rates
rose more than expected.


Read more at Bloomberg Stocks News

No comments: