Market news
02.11.2012, 11:19

European stocks traded in the red

Trading in Europe start lowering the major indexes. This was a reaction to corporate reporting. ArcelorMittal shares fell by 6.4% due to lower quarterly profit up three-year low. Also negatively affected by the fact of reducing analysts Goldman Sachs forecast on Japan's GDP.

Small positive background created macroeconomic data. The index of business activity in France, Germany and the Eurozone was slightly above analysts' forecasts.

FTSE 100 5,861.25 -0.67 -0.01%

CAC 40 3,469.14 -6.26 -0.18%

DAX 7,335.88 +0.21 0.00%

BG Group Plc shares have fallen by 14%, due to lower energy production. Capitalization of Air France-KLM Group and Deutsche Lufthansa AG and raised to at least 7% after Europe's largest airline announced earnings exceeding analysts' forecasts.


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