Tuesday, July 3, 2007

European Stocks Rise, Paced by MAN, Nokia; Danone Jumps After Bid for Unit

(Bloomberg) -- European stocks gained after
brokerages raised their estimates for equities in the region and
Kraft Foods Inc.'s bid for Groupe Danone SA's biscuit unit fanned
takeover speculation.

MAN AG advanced after Goldman, Sachs & Co. added shares of
Europe's third-largest truckmaker to its ``conviction buy'' list.
Nokia Oyj, the world's biggest maker of handsets, and German
engineering company Siemens AG gained after banks increased price
estimates for the stocks. Danone rose to the highest in more than
four months.


Read more at Bloomberg Stocks News

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