European markets rally amid earnings; ECB takes center stage; Neste surges 12% [CNBC]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: CNBC
Europe's autos stocks were among the top performers, up 0.75 percent amid earnings news. Germany's Volkswagen reported weaker-than-anticipated profits in the first three months of 2018. However, an impressive rise in vehicle sales over the same period pushed shares over 2 percent higher. Europe's technology stocks slipped 0.5 percent amid earnings results. BE Semiconductor , which sells equipment to chip makers, was the worst sectoral performer on Thursday. Despite the Dutch company's stronger-than-anticipated earnings, investor sentiment appeared to be impacted by sales warnings from two major Apple suppliers earlier in the week. Shares of BE Semiconductor were down over 15 percent. Looking at individual stocks, oil refiner Neste surged to the top of the European benchmark on Thursday, after it reported upbeat first-quarter figures. Shares of the Finnish firm were more than 12 percent higher on the news. Shares in Norwegian Air are also trading sharply higher
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