On Thursday, the European stock markets were mixed, with the Euro Stoxx 600 index down 0.3 percent, while London’s FTSE 100 index was up 0.5 percent and Germany’s DAX index was down 0.4 percent. The Stockholm’s OMXS30 index also saw a decline of 0.3 percent.
Several large European companies, including Deutsche Bank, Barclays, Nestle, and Airbus, released their earnings reports on Thursday. Deutsche Bank reported a profit increase to €1.275 billion in the first quarter, which was a 10 percent rise compared to the previous year. Analysts had predicted a result of €1.23 billion euros but were impressed with the company’s net sales that rose by 1% year-on-year to €7.8 billion euros, close to analysts’ forecast of €7.73 billion euros.
Barclays exceeded analysts’ expectations with a first-quarter profit fall to £1.55 billion pounds, down from £1.78 billion pounds a year ago but failed to meet analysts’ predictions for an operating profit of £1.29 billion due to higher costs and lower income than expected from capital markets activities and its retail business in Europe and Asia Pacific regions respectively .
Nestle reported a revenue decline of 5.9% from last year to €22