Saturday, June 30, 2007

European Shares Post Fourth Straight Quarterly Gain on Growth, Dividends

(Bloomberg) -- European stocks rose this week and
posted a fourth straight quarterly advance, after reports in the
U.S. signaled the world's biggest economy will keep growing
without stoking inflation.

Oil companies rallied as crude prices rose to a 10-month
high. Vodafone Group Plc paced gains by phone companies as
investors bought shares that pay the highest dividends. Banks and
insurers limited gains, declining on speculation central banks
will keep raising interest rates to quell inflation.


Read more at Bloomberg Stocks News

No comments: