Thursday, May 31, 2007

European Stocks Climb to 6 1/2-Year High; E.ON, ASML, BHP Pace the Gains

(Bloomberg) -- European stocks rallied, sending the
Dow Jones Stoxx 600 Index to the highest since September 2000,
after E.ON AG said it will buy back $9.4 billion in shares and
Belgian billionaire Albert Frere bought a stake in Iberdrola SA.

E.ON and Iberdrola led utility shares to an all-time high.
Scottish & Southern Energy Plc rose after earnings beat analysts'
estimates. ASML Holding NV climbed the most in six weeks on plans
to pay cash to shareholders. BHP Billiton Ltd. paced a rebound in
mining stocks as copper advanced and the company named a new
chief executive officer.


Read more at Bloomberg Stocks News

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