European Markets Set for Mostly Lower Open

As investors digest a mixed bag of first-quarter earnings reports, European markets are poised to open mostly lower this Thursday. Notable performances include BNP Paribas and Sanofi, which reported impressive revenue increases of 12.5% and 10.8%, respectively. Meanwhile, Roche and Nestle also posted growth, contrasting with Renault and Eni, which faced declines.

Market Movements and Currency Updates

At 8:00 am CET, the DAX traded flat, while the British FTSE 100 saw a slight decrease of 0.18%. The CAC 40 and Euro Stoxx 50 also experienced minor drops of 0.11% and 0.36%, respectively. On the currency front, the euro and pound both gained against the US dollar, trading at $1.13362 and $1.32674, respectively.