European stocks opened lower on Thursday, continuing a negative trend this week as global markets come under pressure from rising bond yields.index was 0.15% lower at 8:05 a.m. in London after recording its worst sessions of the month over the last two days, closing Wednesday at its lowest level since May 8.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyreported a net loss of 2.9 billion Swedish kroner in the quarter to April, higher than the 1.52 billion kroner loss reported in the same period last year.SAS filed for Chapter 11 bankruptcy protection in the U.S. in 2022 to help it cut debt after a pilots' strike grounded most of its flights.The U.K.
"Our macro team expects solid growth and monetary policy easing into 2H24. While the YTD rally in equities suggests some of this optimism is already priced, with market correlation at a 5-year low, we continue to see potential for alpha opportunities," the investment bank's analysts noted, naming stocks they see potential in.
The company, which trades on the London Stock Exchange, says it has assets worth £3 billion and holds investments in private companies as well as publicly listed companies.Although earnings from Salesforce beat analyst estimates by 6 cents, first quarter revenues fell short of expectations. That's sending shockwaves through Wall Street as it's the tech giant first revenue miss since February 2006, using information from earnings data firm LSEG.