Microsoft shares fell in Europe on Thursday after it issued a downbeat forecast for its cloud business, while Facebook parent Meta shares rose after beating expectations, as investors scrutinised the companies’ spending on artificial intelligence. Microsoft shares traded down 4.5% on the Frankfurt market, having fallen a similar amount in after-hours trading on Wednesday and finishing the regular session down 1.1%. Meta shares opened up 2.5% in Germany, having risen 2.1% after the closing bell and ending the regular session up 0.3%.