News / International
European Stocks Decline as Libyan Unrest Continues
23 Feb 2011 at 00:45hrs | Views
European stocks retreated for a fourth day as Libyan leader Muammar Qaddafi vowed to fight a rebellion. Asian stocks fell and U.S. futures rose.
Air France-KLM Group, Europe's second-biggest airline by sales, dropped 1.3 percent as oil prices advanced. Commerzbank AG, Germany's second-largest lender, rose 1.1 percent after saying all financial targets were met or exceeded for 2010.
The Stoxx Europe 600 Index fell 0.3 percent percent to 284.45 at 8:03 a.m. in London. The measure has rallied 3.2 percent this year amid speculation the economic recovery will continue. It peaked at the highest level since August 2008 last week.
The Stoxx Europe 600 Index fell 0.3 percent percent to 284.45 at 8:03 a.m. in London. The measure has rallied 3.2 percent this year amid speculation the economic recovery will continue. It peaked at the highest level since August 2008 last week.
Source - bloomberg
