European Markets on Edge Ahead of Thursday's Open

As the first quarter earnings season progresses, European markets are poised for a mostly lower opening this Thursday. Investors are digesting a mix of strong performances and disappointing results from major corporations.

Highlights from the Earnings Front

BNP Paribas and Sanofi have reported impressive revenue gains of 12.5% and 10.8% respectively, signaling robust growth. Meanwhile, Roche and Nestle also posted positive figures, contributing to the mixed sentiment. On the downside, Renault and Eni faced declines, adding to the market's cautious stance.

Market Movements and Currency Updates

At 8:00 am CET, the DAX remained unchanged, while the British FTSE 100 saw a slight dip of 0.18%. The CAC 40 and Euro Stoxx 50 weren't far behind, with decreases of 0.11% and 0.36% respectively. In currency news, the euro and pound both made modest gains against the US dollar, trading at $1.13362 and $1.32674 respectively by 7:59 am CET.