STOXX 600, FTSE, DAX, CAC, Earnings Reports


Illustration shows the logo of Deutsche Bank in Brussels on Saturday, March 25, 2023.

Nicholas Maeterlinck | AFP | Getty Images

LONDON – European stocks opened higher on Thursday, as Traders focused on a raft of earnings reports from some of Europe’s largest companies.

Pan-European Stoke 600 The index was up 0.35% shortly after 8:00 a.m. London (3:00 a.m. ET), following a pullback the previous day.

British FTSE The index opened 0.28% higher, while the German index German DAX Index Down 0.56%, France CAC 40 Up 0.64%, Italy FTSE MIB up 0.43%.

Earnings report from Deutsche Bank, ING, Wizz Air, Roche, Swedbank, ABB, Sanofi, Nokia, STMicroelectronics and sapwait.

CNBC will interview a number of CEOs and financial officials on Thursday. The list includes: Deutsche Bank CFO James Von Moltke, ING CFO Tanate Phutrakul, DWS CFO Markus Kobler, Wizz Air CEO József Váradi, Roche CEO Thomas Schinecker, Swedbank CEO Jens Henriksson, SAP CFO Dominik Asam and SEB CEO Johan Torgeby.

The U.S. market is also paying attention to the earnings season. Apple’s The fiscal first-quarter earnings report will be released after the bell on Thursday. MasterCard, caterpillar and Lockheed Martin Results will also be announced.

S&P 500 Index Futures It was little changed late Wednesday as traders assessed the Federal Reserve’s decision to keep its benchmark interest rate steady at a target range of 3.5% to 3.75%.

The policy-setting Federal Open Market Committee said in a statement after the meeting that the indicators showed “economic activity has been expanding steadily” and the unemployment rate “has shown some signs of stabilizing.”

Fed funds futures are still priced to trade lower by two and a quarter percentage points through the end of 2026, according to the Federal Reserve. CME FedWatch Tool. Asia Pacific market Most trading was lower on Thursday.

—CNBC’s Pia Singh contributed to this market report.



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