French Stocks Including Michelin Gain; Societe Generale and Dexia Decline

(Bloomberg) -- French stocks including Michelin &
Cie. rose while lenders such as Societe Generale SA and Dexia SA
declined.

The CAC 40 Index added 12.06, or 0.2 percent, to 5656.02 at
3 p.m. in Paris. The SBF 120 Index rose 0.2 percent. The CAC
sank 5.3 percent last week for its biggest weekly loss since the
five days ending March 28, 2003.


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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.


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European Stocks Post Biggest Drop in Two Months on Interest-Rate Concern

(Bloomberg) -- European stocks posted the biggest
decline in more than two months on expectations the European
Central Bank will keep raising interest rates.

E.ON AG and Iberdrola SA led a drop by utilities, while BNP
Paribas SA and Spain's Banco Popular Espanol SA pushed banking
shares lower. Thales SA, Europe's largest defense-electronics
company, fell after Societe Generale SA downgraded the stock.


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European Stocks Drop on Interest-Rate Concern; E.ON, Thales Shares Fall

(Bloomberg) -- European stocks declined for a third
day on expectations the European Central Bank will raise interest
rates today and signal further increases.

E.ON AG and Iberdrola SA led a drop by utilities, among
companies most sensitive to shifts in borrowing costs. Thales SA
fell after Societe Generale SA downgraded the stock.


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