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.
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.
Source - bloomberg
