Monday, June 18, 2007

European Stocks Decline, Led by BA, Merck KGaA, Pearson; ICI Rallies

(Bloomberg) -- European stocks fell for the first
time in four days on speculation gains last week were overdone
given prospects for earnings growth.

British Airways Plc led airlines lower as oil jumped to a
nine-month high. Merck KGaA dropped the most in two months before
GlaxoSmithKline Plc releases details on a lung-cancer vaccine.
Imperial Chemical Industries Plc surged 16 percent, sending the
Dow Jones Stoxx 600 Chemicals Index to a record, after Akzo Nobel
NV made an offer for the company.


Read more at Bloomberg Stocks News

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