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.''


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U.K.'s FTSE 100 Index Falls, Paced by Tesco on Slowing Sales; Capita Gains

(Bloomberg) -- U.K. stocks fell, led by Tesco Plc.
Shares of the nation's largest supermarket chain tumbled the most
in almost two years after it reported sales growth in the first
quarter that trailed analysts' estimates.

Marks & Spencer Group Plc, the U.K.'s largest clothing
retailer, also declined. Capita Group Plc rallied after Citigroup
Inc. recommended buying shares in the operator of London's
traffic congestion charge.


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European Stocks Pare Gains After ZEW Survey; Tesco Declines on Sales

(Bloomberg) -- European stocks pared gains after a
report showed German investor confidence unexpectedly fell in
June. Tesco Plc dropped after Britain's largest supermarket
operator reported sales that missed analysts' estimates.

The Dow Jones Stoxx 600 Index added less than 0.1 percent to
397.97 as of 10:12 a.m. in London, after rising as much as 0.3
percent earlier. The Stoxx 50 increased 0.1 percent, while the
Euro Stoxx 50, a measure for the nations sharing the euro, gained
less than 0.1 percent.


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U.K.'s FTSE 100 Index Rises, Paced by Rio Tinto, Capita Group; Tesco Falls

(Bloomberg) -- U.K. stocks rose, led by Rio Tinto
Group. Capita Group Plc rallied as Citigroup Inc. recommended buying
shares in the operator of London's traffic congestion charge.

Tesco Plc tumbled the most in almost two years after the
nation's largest supermarket chain reported sales growth in the
first quarter that trailed analysts' estimates.


Read more at Bloomberg Stocks News