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Market Update

European Markets Trade Weak

European markets traded weak Thursday as investors looked ahead to the release of U.S. economic growth data later in the day and the weekly jobs data.

The FTSE edged up 0.2%. The CAC 40 Paris slipped 0.2% while the DAX was off 0.1%.

Earlier Thursday, Spain's statistics institute INE said it is cutting its estimate for first-quarter economic growth to 0.5% from an earlier projection of 0.6%. The figure is still an improvement from the 0.2% growth in the fourth quarter last year.

Stocks on the Move

Tate & Lyle PLC was up 3.5% after the company reported results.

Weir Group added 1.5%. The company said earlier this week it is giving up its pursuit of Finnish equipment maker Metso Oyj.

Kingfisher PLC plummeted 5.8% after the home improvement retailer reported annual profit below market hopes.

Ubisoft Entertainment was up 3.3% in Paris after the company said its Watch Dogs video game sold more copies in its first 24 hours as compared to any of its previous titles.

Deutsche Bank edged 0.2% lower. Reuters reported citing sources the bank is preparing for fines in connection with investigations into possible manipulation of emerging markets currency rates and is also braced for civil lawsuits.