European markets open slightly lower as investors monitor earnings - CNBC

European stocks opened slightly lower Wednesday morning, as market participants monitored the latest flurry of corporate results.

The pan-European Stoxx 600 was around 0.1% lower shortly after the opening bell, with most sectors and major bourses in negative territory.

Market focus is largely attuned to earnings season, after better-than-feared figures from major companies on Wall Street helped the Nasdaq and S&P 500 indexes reach record closing highs overnight.

Equity markets also received support from rising energy shares on Tuesday, after international benchmark Brent crude jumped to its highest level since Nov. 1.

Oil prices soared after the U.S. announced the end of six months of waivers that allowed Iran's eight biggest buyers to continue importing limited volumes of Iranian oil.

Back in Europe, Credit Suisse reported an increase in first-quarter net profit on Wednesday, beating analyst expectations. Switzerland's second-biggest bank reported a net income of 749 million Swiss francs ($733.93 million) for the first quarter of this year, an 8% increase year-on-year.

Investors are also likely to closely monitor the latest quarterly figures from Heineken, Michelin and Akzo Nobel Wednesday morning.

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https://www.cnbc.com/2019/04/24/europe-stock-markets-corporate-earnings-economic-data-in-focus.html

2019-04-24 05:53:02Z
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