European Stocks May Fall; Statoil, Total Might Pace Drop on ING Downgrade

(Bloomberg) -- European stocks may fall for the
first time in four days, led by oil companies after ING Groep NV
cut its recommendation on shares of Statoil ASA, Total SA and
Norsk Hydro ASA.

U.S. traded-securities of Statoil, Norway's biggest oil
company, and Total, Europe's largest refiner, slid. Novartis AG,
Switzerland's largest drugmaker, will probably be active after
saying sales growth will slow in the second half. Tate & Lyle
Plc, the maker of the sweetener Splenda, may gain after Goldman,
Sachs & Co. advised investors to buy the stock.


Read more at Bloomberg Stocks News