Bloomberg News

European Stocks, U.S. Futures Are Little Changed; CSM Retreats

July 05, 2011

July 5 (Bloomberg) -- European stocks were little changed, after six straight days of gains for the Stoxx Europe 600 Index, before a U.S. report that may show factory orders rebounded in May. Asian shares and U.S. index futures fluctuated.

CSM NV slumped 10 percent after saying first-half earnings will decline because of higher raw-material costs.

The Stoxx 600 fell 0.1 percent to 275.25 at 8:04 a.m. in London. The index surged 4.4 percent over the past six trading days after Greek lawmakers passed a five-year austerity package, qualifying the country for further aid. The measure still slipped 1.1 percent in the second quarter on concern that Greece will fail to repay all its debt.

To contact the editor responsible for this story: Will Hadfield at whadfield@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus