(Bloomberg) -- European stocks declined for a third
day, led by financial shares and utilities, after the Bank for
International Settlements said central banks will need to keep
raising interest rates to quell inflation.
Deutsche Bank AG, Germany's largest bank, and French utility
Gaz de France SA paced the drop. France Telecom SA fell the most
in two weeks as the French government began selling shares worth
as much as 3.8 billion euros ($5.1 billion). Anglo American Plc
and Antofagasta Plc led mining companies lower after Cazenove
downgraded the stocks.
Read more at Bloomberg Stocks News
day, led by financial shares and utilities, after the Bank for
International Settlements said central banks will need to keep
raising interest rates to quell inflation.
Deutsche Bank AG, Germany's largest bank, and French utility
Gaz de France SA paced the drop. France Telecom SA fell the most
in two weeks as the French government began selling shares worth
as much as 3.8 billion euros ($5.1 billion). Anglo American Plc
and Antofagasta Plc led mining companies lower after Cazenove
downgraded the stocks.
Read more at Bloomberg Stocks News
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