(Bloomberg) -- European stocks fell for a fifth day
on speculation higher borrowing costs will reduce economic and
profit growth.
Deutsche Bank AG, Germany's biggest bank, and Axa SA,
Europe's second-largest insurer, paced declines by companies
sensitive to rising interest rates. Northern Rock Plc tumbled
more than 10 percent after the U.K. bank said earnings growth
will miss analysts' estimates as rates increased more than
expected. BHP Billiton Ltd., the world's biggest mining company,
paced a drop in metal stocks as copper prices fell.
Read more at Bloomberg Stocks News
on speculation higher borrowing costs will reduce economic and
profit growth.
Deutsche Bank AG, Germany's biggest bank, and Axa SA,
Europe's second-largest insurer, paced declines by companies
sensitive to rising interest rates. Northern Rock Plc tumbled
more than 10 percent after the U.K. bank said earnings growth
will miss analysts' estimates as rates increased more than
expected. BHP Billiton Ltd., the world's biggest mining company,
paced a drop in metal stocks as copper prices fell.
Read more at Bloomberg Stocks News
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