May 3, 2024 at a Shell gas station in Austin, Texas.
Brandon Bell | Getty Images
LONDON — European stock markets opened lower on Thursday as traders assessed regional earnings reports.
pan-european Stocks 600 Immediately after opening, the trend was below the flat line, and the UK’s FTSE100 was also down 0.4%. french CAC40 Germany rose 0.6%. dachshund Italy was almost flat. FTSE MIB It rose nearly 0.2%.
Today is another busy day in Europe as financial results are being reported. BBVA, BNP Paribas, vinci, BMW, siemens healthneers, anglo american, danske bankArcelorMittal, Moller Maersk, Vestas wind system Among the companies reporting.
line metal Shares fell 5.6% in early trading after giving a weak preliminary outlook for 2026 on a conference call with investors and analysts.
The company expects full-year sales to be around 13.6 billion euros, as growth in all defense divisions was lower than expected, Reuters reported.
Volvo Cars also announced its financial results on Thursday. Operating profit for the fourth quarter, excluding items that affect comparability, fell 68% from a year earlier to SEK 1.8 billion ($200.46 million), the company said. The stock was last down 16.5%, paring some of its earlier losses.
British oil giant Shell on Thursday reported lower-than-expected fourth-quarter profits as oil prices fell, with adjusted profit for the quarter of $3.26 billion, below analysts’ expectations of $3.53 billion, according to consensus compiled by LSEG.
The European Central Bank and Bank of England are both due to announce their latest monetary policy decisions on Thursday. Neither central bank plans to change its current interest rate stance.
Global markets have been in turmoil this week, with Wall Street posting a second consecutive day of losses on Wednesday as software stocks fell.
S&P 500 futures rose overnight following the latest corporate earnings results, including Alphabet’s. Amazon, a member of the Magnificent Seven, is scheduled to release its quarterly results on Thursday.
Meanwhile, in Asia-Pacific markets at night, Korean stocks led the decline, following losses on Wall Street, as selling in tech stocks gained momentum.
Data to be released in Europe on Thursday will include factory orders in Germany, industrial production in France and retail sales in the EU.
— Jordan Butt contributed to this report
