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:
- New car registrations increased by 18% in the January-March period (ACEA).
- Tesla was down 2.2% in premarket trading after it further lowered prices for some of its Model Y and Model 3 electric vehicles in the US, raising concerns about the company's profit margins.
- Fox Corporation to pay $787.5M to extinguish lawsuit filed by voting device company Dominion Voting Systems.
- GAM Holding confirms ongoing talks with UK-based Liontrust Asset Management for a takeover.
- Orsted and Acciona partner to make floating wind more affordable.
- Apple is developing health, sports and entertainment apps in conjunction with its new headset, according to Bloomberg.
- Telecom Italia received two upgraded bids for its fixed network.
- Walmart is entering into a partnership with Cummins and Chevron for a natural gas truck engine.
- Deutsche Bank announced that Karl von Rohr will no longer be its chairman when his current term expires at the end of October.
- Gerresheimer raised 272 MEUR at 86.50 EUR per share.
- Today's main earnings reports: Tesla, L'Oréal, ASML, Abbott, Morgan Stanley, International Business Machines, LAM Research, Heineken, Antofagasta, SSAB, Warehouses de Pauw... All the agenda is here.