Corporate results:

  • Agilent - The stock lost 9% after the publication of the quarterly results.
  • Intuit: The stock lost 5% after the publication of the quarterly results and the release of disappointing guidance.
  • Kingfisher - Rainy weather in the UK and France is hurting its sales.
  • Marks and Spencer posted a 7.8% decline in annual profit.
  • Palo Alto- The stock gained 4% after the release of quarterly results and the raising of annual targets.
  • Kohl’s - The department store chain climbed 11% in premarket trading after reporting a surprise first-quarter profit, helped by tighter inventory and cost management.
  • Abercrombie & Fitch raised its annual sales forecast, betting on continued demand for its clothing and accessories despite the impact of inflation. The group was up 20% in pre-market trading.
  • VF Corp on Tuesday reported quarterly earnings that beat Wall Street expectations on higher prices and solid demand for its North Face brand products, particularly in Europe and Asia. The stock was up 3.5% in premarket trading.
  • Urban Outfitters jumped 9% in after-hours trading after the company reported higher quarterly sales and earnings, driven by strong demand for its apparel and lower inventories.

In other news:

  • UBS is negotiating a loss protection agreement with the Swiss authorities in connection with the acquisition of Credit Suisse.
  • Shell 's annual general meeting was eventful, but not enough to prevent the adoption of the resolutions carried by the board of directors.
  • Georg Fischer is reportedly considering outbidding Aliaxis ' offer for Uponor.
  • Holcim is acquiring British precast materials manufacturer Besblock.
  • Netflix tackles password sharing in the U.S. and launches a paid sharing service.
  • Xylem gets the green light to complete its acquisition of Evoqua.
  • Tesla is expected to choose the location of its next factory before the end of the year.
  • Johnson & Johnson and Amgen agree on Stelara biosimilar.
  • Brunello Cucinelli to sell 18.5% stake in cashmere yarn company Cariaggi Lanificio to Chanel.
  • IMI is expected to replace Ocado in the FTSE 100.
  • After the cyberattack, all ABB services are back in operation.
  • Top earnings reports today: Nvidia, Analog Devices, Snowflake, Xiaomi, SSE, Aviva, Splunk, Intertek, CTS Eventim, Aalberts... The full earnings calendar is here.