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Article: United States: Stocks in Europe, Asia Fall, US Futures Drop; UBS, RBS Slide.
- Article from:
- TendersInfo
- Article date:
- July 30, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
European stocks rose for the first time in four days after a report showed U.S. consumer confidence unexpectedly advanced this month.
Nestle SA and L'Oreal SA led gains by companies that rely on the U.S. for more than a quarter of their sales. Air France-KLM Group, Europe's biggest airline, and Ryanair Holdings Plc advanced as oil dropped to a 10-week low. Better-than-estimated profit from U.S. Steel Corp. lifted steelmakers. SAP AG rallied after increasing its full-year revenue and margin forecasts.
The Dow Jones Stoxx 600 Index added 0.3 percent to 279.64. The index declined as much as 1.3 percent earlier on concern credit ...