Major European indices are trading slightly lower on Thursday, following yesterday's broad gains fueled by rising optimism for peace in the Middle East. Crude oil prices continue to retreat, falling by over 2 percent. Meanwhile, the corporate earnings season continues in full swing.

The pan-European Stoxx 600 index was down 0.16 percent to 622.24 at 11:18 CET. During the session, the index has traded within a range of -0.25 percent at its lowest and 0.25 percent at its highest.

Sector-wise, Travel & Leisure is performing best, up 1.35 percent, while Automobiles & Parts follows as the second-best performer, up 0.98 percent.

The Food & Beverage sector is seeing the weakest performance, down 1.48 percent, while Utilities is the second weakest, down 1.46 percent.

Among reporting companies, Danish transport and logistics firm A.P. Moller-Maersk beat expectations for both revenue and earnings. The company maintained its 2026 guidance. The stock is down 3.6 percent.

Norwegian energy company Aker BP reported EBITDA in line with expectations, while operating profit came in significantly higher than anticipated for the first quarter. The shares are retreating by over 4 percent.

Austrian-based AMS Osram, a leader in sensors and lighting, reported revenue and adjusted EBITDA margins at the upper end of the company's guidance for the first quarter of 2026. Earnings were also better than expected according to Vara Research consensus. The company also announced it has signed a development agreement in AI photonics with a leading partner in AI data center infrastructure. The stock is surging 29 percent.

Danish pharmaceutical giant Novo Nordisk is seeking more deals and acquisitions to strengthen its drug portfolio, CEO Mike Doustdar said in an interview with CNBC. The stock is rising for the sixth consecutive day after a 0.3 percent gain.

IndexLastToday, %YTD, %Time
Stoxx 600622.25-0.16%5.08%11:19:00
FTSE 10010 368.30-0.67%4.40%11:19:13
DAX24 902.01-0.07%1.68%11:19:11
CAC 408 302.930.04%1.88%11:19:08
Sector Performance Stoxx 600:
Automobiles & Parts470.130.99%-10.44%11:19:00
Banks367.330.26%3.39%11:19:00
Basic Resources830.830.56%24.72%11:19:00
Chemicals1 196.11-1.01%8.00%11:19:00
Construction & Materials894.190.41%5.44%11:19:00
Oil & Gas534.66-1.35%32.14%11:19:00
Financial Services909.50-0.36%1.12%11:19:00
Food & Beverage623.08-1.49%0.07%11:19:00
Industrial Goods1167.960.00%9.33%11:19:00
Insurance506.93-0.69%-0.68%11:19:00
Media366.01-0.43%-8.24%11:19:00
Health Care1 097.77-0.07%-3.88%11:19:00
Technology938.140.62%12.14%11:19:00
Telecommunications307.61-1.17%20.22%11:19:00
Utilities552.89-1.43%12.89%11:19:00
Personal & Household Goods959.960.61%-10.57%11:19:00
Retail454.740.01%-6.49%11:19:00
Travel & Leisure263.541.36%-6.05%11:19:00
Real Estate126.05-1.04%-0.22%11:19:00
Source: Factset