European markets opened on Thursday with little movement, reflecting a dip in global market sentiment. The pan-European Stoxx 600 saw a marginal increase of 0.02% in opening trade, as major bourses and sectors showed mixed performance. Leading the gains were insurance stocks, up 0.69%, while household goods experienced a 0.62% dip.
In the United Kingdom, the FTSE 100 index rose by 0.22% to reach 8,103, while Germany’s DAX saw a 0.16% increase at 19,034. France’s CAC index declined by 0.19% to 7,185, and Italy’s FTSE MIB was down by 0.13% at 33,202.
Across Asia-Pacific markets, there was a downward trend on Thursday, with a focus on tech shares in the region after chipmaker Nvidia reported better-than-expected results. Of particular interest were Indian stocks related to billionaire Gautam Adani, who faced indictment in New York federal court on charges related to a massive bribery and fraud scheme. Adani Group companies witnessed significant drops in their stock prices, with Adani Enterprises down by 19% and Adani Green Energy plummeting by 18.09%.
As the trading week progressed, the Dow lagged behind, showing a 0.1% decrease since Monday. In contrast, the S&P 500 and Nasdaq Composite experienced gains of 0.8% and 1.5%, respectively, week to date.
After hours, notable stock movements included Nvidia sliding nearly 2% despite surpassing expectations for the third quarter, Snowflake soaring by 18% after beating earnings expectations, and Jack in the Box facing a 5.6% decline following below-expectation revenue for the fiscal fourth quarter.
Futures tied to the Dow, S&P 500, and Nasdaq 100 remained relatively unchanged shortly after 6 p.m. ET.