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Stocks slide on weak US jobless data

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Tesla’s 8.7% tumble puts pressure on equities indices

FBD, meanwhile, topped the table, adding 3.5 per cent to close at €13.30 after its shares reached the cut-off date for registered investors to be entitled to an upcoming dividend payment. Shareholders will have to approve the proposed €1 per share dividend at the insurer’s AGM next month.

BP, down more than 0.8 per cent, and Shell, off by 0.3 per cent on the session, both fell with crude prices tumbling against the dollar as rate hike fears hurt growth and weighed on fuel demand. Base metal miners also slipped, with shares in Antofagasta down 2.5 per cent, leading declines while Rio Tinto fell by 1.6 per cent.

Luxury names topped the blue-chip index on Thursday. Shares in L’Oreal added 1.7 per cent after the cosmetics-maker reported a 13 per cent rise in first-quarter sales, beating expectations thanks to strong business in the United States and Europe. Hermés and LVMH also added 1.6 per cent and 1.3 per cent.

 

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