European Markets Set for a Mostly Lower Open

As the first quarter earnings season unfolds, European markets are poised to open mostly lower this Thursday. Investors are closely analyzing a mix of results, with some companies showcasing strong performance while others face declines.

Standout Performers and Decliners

BNP Paribas and Sanofi have reported impressive gains, with revenues up by 12.5% and 10.8% respectively. Roche and Nestle also enjoyed growth, contrasting with Renault and Eni, which reported decreases in their financial outcomes.

Market Movements and Currency Updates

At 8:00 am CET, the DAX remained flat, while the British FTSE 100 saw a 0.18% drop. The CAC 40 and Euro Stoxx 50 decreased by 0.11% and 0.36% respectively. The euro and pound both gained against the US dollar, trading at $1.13362 and $1.32674.