Thursday, June 21, 2007

European Stocks Drop; Deutsche Bank, Tesco and Nokia Lead the Decline

(Bloomberg) -- European stocks fell the most in two
weeks as rising bond yields in the U.S. and Europe pushed banks,
insurers and retailers lower.

Deutsche Bank AG, Germany's biggest bank, and Brit Insurance
Holdings Plc paced the drop. Tesco Plc, the U.K.'s biggest
retailer, and Debenhams Plc also declined. Nokia Oyj, the world's
biggest maker of mobile phones, slid after Goldman, Sachs & Co.
cut its recommendation on the shares to ``neutral.''


Read more at Bloomberg Stocks News

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