1. European stocks drifted lower Thursday despite a strong session in Asia as a U.S. dollar retreat and mixed corporate earnings allowed benchmarks to pull back from recent multi-month highs.
2. Air France (AFLYY) surged to a seven-month high after the flagship carrier posted better-than-expected full year profits and pledged further cost reductions in order to boost capacity and offset rising fuel prices.
3. Germany's DAX performance index was also led by its key airline stock as Deutsche Lufthansa AG (DLAKY) gained 3.35% to change hands at €13.47 each.
4. Nestle SA (NSRGY) - Get NSRGY Report shares were another mover of note Thursday, falling 1.06% in the opening 45 minutes of trading to Sfr72.23 each after it posted lower-than-expected full year profits Thursday and said it would target cost cuts too boost underlying sales growth in the year ahead.