33 Mins Ago
European stocks close lower
European stocks on Thursday provisionally closed 0.7% lower, with almost all sectors in negative territory.
Industrial stocks led the losses, down 2%, as healthcare added 0.2%.
— Sam Meredith
57 Mins Ago
Oil prices dip
Oil prices were slightly lower on Thursday after the U.S. reported slower economic growth in the first quarter and market participants continued to closely monitor flaring tensions in the Middle East.
International benchmark Brent crude futures for June delivery traded 0.4% lower at $87.66 per barrel, while U.S. West Texas Intermediate futures for June delivery dipped 0.6% at $82.36.
— Sam Meredith
An Hour Ago
Shares of Adyen down 17%
Shares of European online payments giant Adyen on Thursday fell more than 17% after the Dutch company reported weaker-than-expected first-quarter sales figures.
Adyen said net revenue rose 21% to 438 million euros ($469.3 million) over the first three months of the year, slightly below analyst expectations, Reuters reported, citing Degroof Petercam.
Shares of the Amsterdam-listed stock tumbled to the bottom of the pan-European Stoxx 600 on the news.
— Sam Meredith
3 Hours Ago
Gross domestic product slowed in the first quarter
U.S. gross domestic product slowed in the first quarter, the Bureau of Economic Analysis said Thursday, which weigh on stock futures before the opening bell.
GDP expanded 1.6% in the first quarter, while economists polled by Dow Jones forecast growth of 2.4%.
— Brian Evans
3 Hours Ago
Deutsche Bank shares rebound, up 6%
Shares of Deutsche Bank rebounded in afternoon deals, trading up 6% by 13:00 p.m. London time, as investors digested the bank’s better-than-expected first-quarter profit.
Deutsche Bank on Thursday reported net profit attributable to shareholders of 1.275 billion euros ($1.365 billion) for the first three months of the year, ahead of an aggregate analyst forecast of 1.23 billion euros, according to LSEG data.
The bank’s shares were down 1.4% earlier in the session as the market looked for signs of ongoing recovery in its investment banking unit.
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