European markets were flat in afternoon trade Thursday as sentiment was tempered by declines stateside this week.
index was flat at 2:26 p.m. in London , with sectors trading mixed. Utilities led with a 1.1% gain, as oil and gas stocks dropped 0.63% following aOn the other end of the Stoxx 600 , British biopharma firm Sartorius Stedim fell 13% after reporting a fall in first-quarter sales and net income."Over the near term, our sense is that U.S. equity markets are likely to experience some additional downward pressure," Chris Senyek wrote on Thursday.
"Our equity investments had a very strong return in the first quarter, particularly driven by the tech sector," Trond Grande, deputy CEO of the fund, said in a statement., was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. To date, the fund has put money in more than 8,800 companies in more than 70 countries around the world.
It also said that to achieve a "material improvement in the share price," the company needed "substantial financial and governance changes to improve its financial performance."European stocks were cautiously higher early Thursday, with the Stoxx 600 index up 0.25% at 8:13 a.m. in London and sectors trading mixed.
Citing sources, Reuters said this comes as the two banks ramp up cost-cutting, with weaker deal-making and sluggish markets in China and Hong Kong weighing on business prospects.
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