European Stocks close: the disappointing first quarter results of technology companies put pressure on stock markets

European stock markets dropped due to tensions between Russia and Ukraine.

Neste Oil shares – the Finnish oil refiner – were down 5.1%. The company’s first quarter revenue missed forecast.

Electrolux - the world’s second-biggest maker of home appliances – jumped 11.0% caused by the better-than-expected first quarter earnings.

Renault SA shares declined 2.5% after reporting the decline in first-quarter earnings.

Alstom shares were suspended from trading in Paris. The French stock market authority AMF demanded an explanation from Alstom. Alstom share were up about 10% in yesterday’s trading because of the rumours that General Electric Co. wants to buy Alstom.

Name                                   Price                                    Change                 Change %

FTSE 100                              6,685.69                              -17.31                     -0.26% 

DAX                                       9,401.55                              -147.13                   -0.58%

CAC 40                                  4,443.63                              -35.91                    -1.54%