Monday, June 4, 2007

European Stocks Drop, Led by Deutsche Bank, BNP Paribas on Downgrade

(Bloomberg) -- European stocks dropped on speculation
gains that have sent the Dow Stoxx 600 Index to within 7 points
of a record don't reflect the outlook for earnings growth.

Deutsche Bank AG and BNP Paribas SA paced the decline after
JPMorgan, Chase & Co. cut its recommendation on the investment
banking industry.


Read more at Bloomberg Stocks News

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