Monday, June 4, 2007

European Stocks Decline, Led by Banks; Deutsche Bank, BNP Paribas Fall

(Bloomberg) -- European stocks dropped for the first
time in three days, led by Deutsche Bank AG and BNP Paribas SA,
after JPMorgan, Chase & Co. cut its recommendation on the
investment banking industry.

Europe's Stoxx 600 climbed to the highest since September
2000 last week as a rebound in metals prices buoyed mining
companies and economic reports in the U.S. suggested growth in
the world's biggest economy is picking up. The measure is within
6 points of a record.


Read more at Bloomberg Stocks News

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