Thursday, June 7, 2007

Australian Stocks Fall; BHP, Westfield Slip on Lower Metals, Rates Concern

(Bloomberg) -- Australian stocks fell for a fourth day.
BHP Billiton Ltd. led mining shares lower after prices of metals
such as zinc and nickel dropped.

Stocks that rely on U.S. earnings slid, led by Westfield
Group, on increased concern interest rates may rise in the world's
biggest economy. National Australia Bank Ltd. led declines among
banks as bond yields surged, making their dividends relatively
less attractive.


Read more at Bloomberg Stocks News

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