Thursday, July 5, 2007

European Stocks Drop Before Rate Decisions; Iberdrola, Banks Decline

(Bloomberg) -- European stocks fell for the first
time in three days, led by utilities and banks, on concern
central banks will signal further interest-rate increases.

Iberdrola SA, Spain's second-biggest power company, and
Societe Generale SA, France's No. 2 bank by market value, paced
the decline. Deutsche Telekom AG dropped after a report Europe's
largest phone company is struggling to find a partner for its T-
Systems computing-services division.


Read more at Bloomberg Stocks News

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