EUROPEAN MOVERS: Bayer (BAYN GY) -6.4%, Barclays (BARC LN) -3.3%, Novartis (NOVN SW) -2.9%, Air Liquide (AI FP) -2.7%, BP (BP/ LN) +3%, WPP (WPP LN) +4%
- BAYN GY: The US Supreme Court appeared divided over whether Bayer can be sued for failing to warn that its Roundup weedkiller may cause cancer
- BARC LN: Beat on Q1 metrics, but set aside GBP 228mln provision due to the failure of MFS.
- NOVN SW: Co. missed on top- and bottom-line, whilst re-affirming guidance.
- AI FP: Softer than expected headline metrics. Affirmed guidance.
- BP/ LN: Strong EPS whilst Revenue was short of expectations.
Context
The movement in European equities reflects a mixed bag of earnings results and legal concerns leading to significant stock price fluctuations. Bayer's sharp drop is primarily influenced by legal risks surrounding its Roundup product, while Barclays' provision for regulatory issues dampens their earnings surprise. In contrast, BP's strong earnings continue to support its stock, countering a revenue miss amid a volatile environment for the energy sector.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#SWITZERLAND#JERSEY#FRANCE#GERMANY#UNITED KINGDOM#EUROPE#WPP PLC#AIR LIQUIDE SA#AI.FP#BAYER AG#BAYN.GY#BARCLAYS PLC#BARC.LN#WPP.LN#NOVARTIS AG#EQUITIES#EU SESSION#HIGHLIGHTED#WTI#BP.LN#INTEGRATED OIL & GAS#INDUSTRIAL GASES#PHARMACEUTICALS#DIVERSIFIED BANKS#ADVERTISING#OIL, GAS & CONSUMABLE FUELS#CHEMICALS#PHARMACEUTICALS (GROUP)#BANKS#MEDIA#ENERGY (GROUP)#MATERIALS (GROUP)#PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES#BANKS (GROUP)#MEDIA & ENTERTAINMENT#AIR LIQUIDE#AI FP#BAYN#EURO STOXX 50#DAX 40 INDEX#CAC 40 INDEX#SWISS MARKET INDEX#FTSE 100 INDEX#NOVN#BARC#BP PLC#EUROPEAN EQUITIES