· European stocks close slightly higher, tracking gains on Wall Street; Bayer slides 12%
European stocks advanced cautiously on Thursday, tracking gains on Wall Street, with economic data and corporate earnings in focus.
The pan-European Stoxx 600 closed 0.2% higher, with retail stocks adding 2.4% while oil and gas stocks slid 1.7%.
Bayer shares plunged more than 12% after the German pharmaceutical giant announced further cost cuts and impairment charges, revising down its guidance.
Reference: CNBC
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