Trade The News | Nov 01, 2012 11:50AM ET
Economic Data
None
SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM
Notes/Observations
European equity indices have remained mixed, as the Spanish IBEX-35 and Italian FTSE MIB have underperformed. Spanish and French banks have lagged other financials. Resources firmed are mixed despite, the gains being seen in commodity prices. In terms of European earnings, corporate reports were dominated by large UK companies. British Sky [BSY.UK] has risen by over 3%, as the company reported a y/y increase in its average revenue per user (ARPU) and decline in its churn rate. Royal Dutch Shell [RDSA.UK] is slightly higher on better than expected quarterly profits. Shares of Lloyds [LLOY.UK] are higher by more than 3%, as the firm reported a y/y rise in its core underlying profits.
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