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Live Daily Market Updates: European Indices Fall On Thursday

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Analyst Team
Updated: 7 Apr 2022

Latest 17:14
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European Stocks Close Down

Despite trading higher for the majority of the day, European indices have closed the day down.

FTSE 100: -0.53%
DAX: -0.51%
CAC 40: -0.57%
Stoxx 50: -0.65%%
IBEX 35: -0.16%

Rite Aid

Rite Aid shares have plunged 26% after Deutsche Bank downgraded the stock to Sell, telling investors the Cvid-19 pandemic “hastened the decline” of the retail pharmacy division and he a possibly “dramatic negative inflection point” with its fiscal 2023 outlook seeming to be “unattainable.”

US Indices

Dow: -0.26%

S&P 500: -0.28%

Nasdaq: -0.10%

US Premarket

European indices are still mostly in the green Thursday afternoon, although, the FTSE 100 is still down at -0.12%.

US futures are mixed:

Dow: -0.16%

S&P 500: -0.03%

Nasdaq: +0.10%

Stocks moving premarket:

ERYTECH Pharma: Erytech Stock Leaps 50% On Haematology Publication

Levi Strauss is up 2% after it reported better than anticipated Q1 earnings.

HP is trading 12% higher after Warren Buffett’s Berkshire Hathaway revealed a significant stake

Top Stories

Shell said its Russia exit could result in a could $5bn hit in the first quarter – The company said “For the first quarter 2022 results, the post-tax impact from impairment of non-current assets and additional charges (e.g. write-downs of receivable, expected credit losses, and onerous contracts) relating to Russia activities are expected to be $4 to $5 billion.”

Cloudbreak Discovery shares are up 10% on the back of an oil and gas deal in Namibia

Omega Diagnostics shares have plunged 12.7% following its annual update

888 Holdings will launch an equity raise to fund its takeover of William Hill’s non-US business.

Greatland Gold flatlines following results from the Scallywag programme

Imperial Brands shares have faded after its trading update

Cloudbreak Discovery

Cloudbreak Discovery (LON: CDL) shares are up 10% this morning on the back of their announcement of an oil and gas deal in Namibia.

London Movers

Nostrum Oil & Gas +30.42%

888 Holdings +27.37%

McColl’s Retail Group +23.12%

Arden Partners -19.44%

Bonhill Group -17.78%

Uru Metals -13.77%

European Open

US indices closed lower yesterday, with the Nasdaq falling more than 2%. That was followed by bourses in the APAC region also declining.

However, European stocks are mostly positive Thursday…

FTSE 100: -0.13%
DAX: +0.30%
CAC 40: +0.51%
Stoxx 50: +0.44%
IBEX 35: +0.22%

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