(Bloomberg) -- European stocks declined from a 6 1/2-
year high as investors bet share price gains have exceeded
earnings prospects.
Novartis AG and DaimlerChrysler AG paced the drop. Societe
Generale, Axa SA, and STMicroelectronics NV weighed on markets as
they traded without the right to their latest dividend. Capitalia
SpA fell after UniCredit SpA agreed to buy the Italian bank for
21.8 billion euros ($29.5 billion).
Read more at Bloomberg Stocks News
year high as investors bet share price gains have exceeded
earnings prospects.
Novartis AG and DaimlerChrysler AG paced the drop. Societe
Generale, Axa SA, and STMicroelectronics NV weighed on markets as
they traded without the right to their latest dividend. Capitalia
SpA fell after UniCredit SpA agreed to buy the Italian bank for
21.8 billion euros ($29.5 billion).
Read more at Bloomberg Stocks News
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