Wednesday, 06 June 2007

Australian Stocks Drop for a Third Day, Led by BHP Billiton, Westfield

(Bloomberg) -- Australian stocks fell for a third day,
led by mining companies such as BHP Billiton Ltd. after prices of
metals including zinc and copper declined.

Stocks with U.S. earnings fell, led by Westfield Group, after
rising labor costs in the world's biggest economy fueled concern
the Federal Reserve will need to lift interest rates.


Read more at Bloomberg Stocks News

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