(Bloomberg) -- European stocks dropped for a second
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
BHP Billiton Ltd. led mining shares lower on concern China
will raise interest rates to cool the economy. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Deutsche Bank AG and Barclays Plc led a decline by banks on
concern that losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
day after German business confidence fell more than economists
forecast in June, adding to signs that growth in Europe's largest
economy may slow.
BHP Billiton Ltd. led mining shares lower on concern China
will raise interest rates to cool the economy. Julius Baer
Holding AG declined the most in a year after UBS AG sold part of
its stake in the Swiss Bank, thwarting takeover speculation.
Deutsche Bank AG and Barclays Plc led a decline by banks on
concern that losses in the U.S. mortgage market may grow.
Read more at Bloomberg Stocks News
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