Thursday, June 14, 2007

European Stocks Rise on Fed Comments; Daimler, Axa, Rio Tinto Pace Gains

(Bloomberg) -- European stocks advanced for a second
day, led by exporters and mining companies, after the Federal
Reserve said the world's largest economy is growing without
spurring inflation and copper prices increased in Asia.

DaimlerChysler AG and Axa SA led an advance by companies that
rely on the U.S. for revenue. Rio Tinto Group, the world's third-
biggest mining company, climbed. GlaxoSmithKline Plc, the world's
second-largest drugmaker, rose after a report about increasing
shareholder pressure to sell its consumer health-care division.


Read more at Bloomberg Stocks News

No comments: