Thursday, July 5, 2007

European Stocks Drop; Vodafone, Iberdrola, Deutsche Telekom Lead Decline

(Bloomberg) -- European stocks fell for the first
time in three days, led by phone companies and utilities, on
concern rising interest rates will weigh on earnings.

Vodafone Group Plc, the world's biggest mobile-phone
company, and Spanish utility Iberdrola SA paced the decline.
Deutsche Telekom AG dropped after a report Europe's largest phone
company is struggling to find a partner for its T-Systems
computing-services division.


Read more at Bloomberg Stocks News

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