STOCK EXCHANGE: Uneven opening on European stock exchanges – Banks exceeded analysts' expectations

In Europe, the stock markets opened on Thursday in a scattered manner.

The Euro Stoxx 600 general index, which broadly describes the European stock market, was down 0.3 percent at the time of the review.

London’s FTSE 100 index was up 0.5 percent and Germany’s DAX index was down 0.4 percent. Stockholm’s OMXS30 index was down 0.3 percent.

Thursday Deutsche Bank, Barclays, Nestle and Airbus are in line for earnings reports from large European companies.

Deutsche Bank’s profit increased to 1.275 billion euros in the first quarter, which was a 10 percent increase compared to a year ago. LSEGThe consensus of analysts collected by . predicts a result of 1.23 billion euros.

The company’s net sales increased by 1 percent year-on-year to 7.8 billion euros, which was close to the analysts’ forecast of 7.73 billion euros.

Barcalys also exceeded analysts’ forecasts, although the result fell to 1.55 billion pounds during the first quarter. At the same time last year, the company’s profit was 1.78 billion pounds. Analysts were expecting operating profit of £1.29bn.

Nestle reported a 5.9 percent decrease in revenue from a year ago to 22.1 billion Swiss francs. Revenue growth was 1.4 percent short of analysts’ forecasts. CNBCAccording to

British mining giant Ango American says the Australian competitor BHPapproached the company with a purchase offer of 31.1 billion pounds.

According to Ango American, the offer is currently being evaluated by its board Reuters. If it comes to fruition, it will be one of the biggest mergers in the mining industry in years.

On the basis of futures, Wall Street is expected to open downward.

By Editor

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