European Markets Open Lower Amid Earnings Reports

Major European stock markets experienced a downturn at the opening on Thursday, as investors carefully analyzed the latest quarterly earnings from leading companies. Among them, Renault Group, Nestle, and Roche stood out with their financial updates.

Economic Indicators Show Mixed Signals

On the economic front, France reported a slight improvement in consumer confidence for April, while anticipation builds for Germany's Ifo Institute's business confidence report later in the day.

Stock and Currency Movements

The DAX and Euro Stoxx 50 saw declines, with Infineon notably dragging the indexes down. Meanwhile, the FTSE 100 and CAC 40 also opened lower. In currency markets, the euro and pound both gained against the dollar.