European Markets Open Lower Amid Earnings Season

Major European stock markets experienced a downturn at the opening on Thursday, as investors closely examined the latest quarterly earnings reports from leading companies including Renault Group, Nestle, Roche, Sanofi, Eni, BNP Paribas, and Unilever.

Economic Indicators Show Mixed Signals

On the economic front, France's consumer confidence saw a slight improvement in April, according to the French statistical office. Meanwhile, anticipation builds for the German Ifo Institute's upcoming report on business confidence.

Market Performances and Currency Movements

The DAX and Euro Stoxx 50 both opened lower, with Infineon leading the decline. The FTSE 100 and CAC 40 also saw decreases, affected by drops in Legal & General Group and Thales, respectively. In currency markets, the euro and pound both gained against the dollar.