Tuesday, April 17, 2007

European Stocks Rebound as Inflation Concerns Ease; Tesco, Remy Advance

(Bloomberg) -- European stocks rebounded after a measure of prices paid by U.S. consumers rose less than forecast last month, giving the Federal Reserve more leeway to cut interest rates to spur the economy.

Vodafone Group Plc and DaimlerChrysler AG paced gains by companies sensitive to growth in Europe's largest trading partner. Tesco Plc rose after the U.K.'s biggest retailer reported a gain in profit.


Read more at Bloomberg Stocks News

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