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Europe stocks open mixed as earnings roll in; ING up 5%; traders react to Fed decision

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STOXX 600,Novo Nordisk A/S,United States

European stocks opened mixed on Thursday as global markets react to the U.S. Federal Reserve's latest monetary policy decision.

NOVA-FF 5D line Novo Nordisk share price. Shares of pharmaceutical giant Novo Nordisk and oil giant Shell dropped in early deals despite both companies beating profit estimates for the first quarter on Thursday. Denmark's Novo Nordisk was down 2.7% at 8:30 a.m. in London despite reporting strong sales growth in its weight loss drug Wegovy, and nudging its sales growth outlook higher by one percentage point. 'They've raised their annual guidance a little bit, which is fine.

line Shell share price. Shell shares were 1.1% lower after the oil major reported adjusted earnings of $7.7 billion for the first three months of the year, down from $9.6 billion over the same period in 2023. The firm also announced a $3.5 billion share buyback program. — Jenni Reid

 

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