E-Malt.com News article: 3577

Belgium, Brussels: Shares were cautiously higher midmorning due to uncertainty over the US presidential elections, with brewery group Inbev showing gains before a third-quarter trading update tomorrow, trader said on November 2, according to AFX. At 10.30am, the Bel 20 was up 9.35 points or 0.33 pct to 2817.95. 'The whole of Europe is up slightly, following oil prices falling -- possibly due to further attacks in Iraq,' said a Petercam trader.The Petercam trader added that 'everybody is talking about the US elections and the effects on the market'. Shares in Inbev were trading up 0.35 eur or 1.25 pct to 28.32 eur, ahead of a third-quarter trading tomorrow. 'The [figures] are positive for Inbev. We expect organic turnover growth at 6.2 pct, keeping our recommendation of 'buy' on the stock,' said a Delta Lloyd analyst.

03 November, 2004