(Bloomberg) -- Shares of European exporters fell this
past week after reports signaled the U.S. economy is slowing and
oil companies dropped as Citigroup Inc. analysts cut their
recommendation on the industry.
Siemens AG, the region's biggest engineering company, and
consumer-goods maker Philips Electronics NV paced a decline by
companies that generate at least one-fifth of their sales in the
world's largest economy. BP Plc led the Dow Jones Stoxx Oil & Gas
Index to a two-month low. Nokia Oyj, France Telecom SA and
British Airways Plc lifted technology, phone and airline stocks
after reporting profit that beat analysts' estimates.
Read more at Bloomberg Stocks News
past week after reports signaled the U.S. economy is slowing and
oil companies dropped as Citigroup Inc. analysts cut their
recommendation on the industry.
Siemens AG, the region's biggest engineering company, and
consumer-goods maker Philips Electronics NV paced a decline by
companies that generate at least one-fifth of their sales in the
world's largest economy. BP Plc led the Dow Jones Stoxx Oil & Gas
Index to a two-month low. Nokia Oyj, France Telecom SA and
British Airways Plc lifted technology, phone and airline stocks
after reporting profit that beat analysts' estimates.
Read more at Bloomberg Stocks News
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