(Bloomberg) -- European stocks headed for the biggest drop in more than a month after China's economy grew faster than economists expected, fueling concern the country is preparing to raise interest rates.
BHP Billiton Ltd. and Rio Tinto Group paced a decline by companies most affected by slowing demand from the world's fastest growing major economy. BP Plc slipped as Merrill Lynch & Co. recommended investors reduce their holdings in the company. Nokia Oyj gained after the average selling price of its mobile phones topped analysts' estimates.
Read more at Bloomberg Stocks News
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