Tuesday, July 10, 2007

European Stocks Pare Gains After Home Depot Reduces Profit Forecast

(Bloomberg) -- European stocks erased earlier gains
after Home Depot Inc., the world's largest home-improvement
retailer, cut its profit forecast, citing the sale of a unit and
a weaker U.S. housing market.

Europe's Dow Jones Stoxx 600 Index slid 0.2 percent to
397.61 as of 9:39 a.m. in London. The Stoxx 50 fell 0.2 percent
and the Euro Stoxx 50, a measure for the euro region, dropped 0.3
percent.


Read more at Bloomberg Stocks News

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