Corporate results:

  • ASML: The group targets EUR 6.5-7bn in Q2 revenues, above expectations, and stresses that demand still exceeds production capacity this year.
  • Brunello Cucinelli reports a 33% increase in first-quarter revenue and confirms its guidance.
  • Heineken: First-quarter beer sales weaker than expected.
  • Just Eat Takeaway: Q1 orders disappoint, but the group raises its 2023 Ebitda guidance.
  • Netflix: The stock lost as much as 12% yesterday after the release of a higher-than-expected quarterly profit, while revenue fell short.
  • United Airlines: The stock gained 1.3% after the publication of quarterly results, with losses, but with good prospects for the summer period.
  • Vale: Q1 iron ore production slightly below expectations.
  • Baker Hughes - The oil and gas group reported a better-than-expected first-quarter profit on Wednesday as demand for its services rose amid a recovery in China and inflation.
  • Abbott Laboratories reported better-than-expected quarterly profit on Wednesday, boosted by sales of its diabetes treatment devices and improved demand for its other medical equipment.
  • Western Alliance Bancorp climbed 15.5 percent in premarket trading after the regional bank reported better-than-expected quarterly profit and stabilized deposits following last month's banking crisis.
  • Morgan Stanley reported a drop in first-quarter profit on Wednesday as its core investment banking business remained under pressure amid a continued decline in M&A activity. 

In other news: