European shares edge lower ahead of ECB rate verdict [Reuters]
BANKINTER SA S/ADR (BKNIY)
NASDAQ:AMEX Investor Relations:
webcorporativa.bankinter.com/www2/corporativa/en/inf_financiera_cnmv/informacion_financiera/resultados/2011
Company Research
Source: Reuters
Jan 25 (Reuters) - European shares were subdued at open on Thursday on investor caution ahead of a widely expected pause in interest rate hikes from the European Central Bank, while shares of Nokia topped the index on a quarterly profit beat. The pan-European STOXX 600 (.STOXX) , opens new tab was down 0.2% by 0828 GMT after jumping more than 1% in the previous session. Investor attention would be on the interest rate verdict from the ECB later in the day, where it is widely expected to hold rates at the current 4% level, although the central bank is likely to push back on bets for aggressive policy easing this spring. Traders are pricing in nearly 130 basis points (bps) of cuts this year, down from around 150 bps around two weeks earlier. 0#ECBWATCH Nokia (NOKIA.HE) , opens new tab gained 6.2% after the Finnish telecom equipment provider's fourth-quarter operating profit beat expectations. European lenders (.SX7E) , opens new tab were a drag, down 0.9%, with shares of Spai
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