Friday, June 29, 2007

European Stocks Fall, Led by Banks, Insurers; Segro Tumbles on Downgrade

(Bloomberg) -- European stocks fell on concern
government reports in the U.S. may show the world's largest
economy isn't expanding enough to fuel earnings growth.

Schroders Plc, London's biggest publicly traded money
manager, and Allianz SE, Europe's largest insurer, paced the
retreat. Segro Plc slid the most in four months after HSBC
Holdings Plc recommended selling shares of the U.K. property
company, saying the commercial real-estate boom is over.


Read more at Bloomberg Stocks News

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