Thursday, June 14, 2007

European Stocks Rise on Fed Comments; Michelin, Siemsn, Rio Pace Advance

(Bloomberg) -- European stocks advanced for a second
day, led by exporters and mining companies, after the U.S.
Federal Reserve said the world's largest economy is growing
without spurring inflation and copper prices increased in Asia.

Michelin & Cie. and Siemens AG led an advance by companies
that make at least 20 percent of their sales in the U.S. Rio Tinto
Group, the world's third-biggest mining company, climbed to a
record. Cadbury Schweppes Plc gained on expectations the world's
largest confectioner may get offers for its U.S. drinks unit.


Read more at Bloomberg Stocks News

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