(Bloomberg) -- European stocks fell on speculation
gains last week were overdone given prospects for earnings growth.
Rio Tinto Group and Telefonica SM led declines by mining and
telephone stocks, which have outperformed the region so far this
quarter. Merck KGaA dropped the most in two months before
GlaxoSmithKline Plc releases details on a lung-cancer vaccine.
Imperial Chemical Industries Plc surged 16 percent, sending the
Dow Jones Stoxx 600 Chemicals Index to a record, after Akzo Nobel
NV made an offer for the company.
Read more at Bloomberg Stocks News
gains last week were overdone given prospects for earnings growth.
Rio Tinto Group and Telefonica SM led declines by mining and
telephone stocks, which have outperformed the region so far this
quarter. Merck KGaA dropped the most in two months before
GlaxoSmithKline Plc releases details on a lung-cancer vaccine.
Imperial Chemical Industries Plc surged 16 percent, sending the
Dow Jones Stoxx 600 Chemicals Index to a record, after Akzo Nobel
NV made an offer for the company.
Read more at Bloomberg Stocks News
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