European stocks edge lower after mixed corporate results - Spread Betting News

Spread betting provider City Index takes a look at the financial activity shaping the markets on 4th May 2011. Corporate results continue to be published today (May 4th) and have pushed down stocks in Europe.
By: City Index
 
May 5, 2011 - PRLog -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 4th May 2011.
Corporate results continue to be published today (May 4th) and have pushed down stocks in Europe.

Brewer Anheuser-Busch InBev dipped by more than 2.5 per cent after it announced that its first-quarter volume did not reach estimates.

Retailer Next boosted its expected profit before tax predictions and was still leading the FTSE 100's biggest risers as of 13:58 BST, lifting its share price by 5.72 per cent.

Meanwhile, bank BNP Paribas advanced by around 2.7 per cent after posting financial results that beat estimates.

During the first-quarter, net income rose to €2.62 billion (£2.36 billion). A survey of analysts by Bloomberg had suggested an average net income estimate of €2.22 billion.

In light of the varying financial results, European stocks appeared to pull indices down.

The FTSE 100 was trading down by 0.84 per cent compared to yesterday's close, while the German DAX had dipped by 0.32 per cent.

Fifteen minutes later, the French CAC-40 had declined by 0.26 per cent.

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As a group, City Index transacts in excess of 1.5 million trades every month in over 50 countries worldwide. We provide a wide range of instruments including forex, CFD trading and spread betting. For more information, visit http://www.cityindex.co.uk/.
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Source:City Index
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