Corporate results:

  • Crédit Agricole - Q1 profit is up sharply for the French bank, as for the rest of the sector.
  • Rothschild - Q1 earnings down 10% due to lower trading. 
  • ABN Amro - Q1 net profit exceeds expectations.
  • Ahold Delhaize exceeds expectations on Q1 sales.
  • Airbnb plunged 13% in premarket trading after the short-term accommodation services specialist said it expected booking growth to slow in the current quarter.
  • Alcon - Earnings for 2023 expected to be at the upper end of guidance range.
  • Compass raises its 2023 guidance after earnings jump.
  • Electronic Arts was up about 3% in after-hours trading after reporting better-than-expected net bookings for its fiscal fourth quarter on Tuesday evening, thanks in part to titles such as "FIFA" and "Madden NFL".
  • Continental reports a 35% increase in earnings on the back of a strong automotive quarter.
  • Rivian: The stock gains 5.5% in after-hours trading following quarterly earnings release.
  • Siemens Healthineers reported a drop in second-quarter profit and ended its cardiac surgery robot business.
  • Toyota Motor reported a 35% increase in fourth-quarter operating profit.
  • Vestas returns to profit in the first quarter.
  • Occidental Petroleum was down 1.6% in premarket trading after reporting adjusted quarterly earnings below analysts' expectations.

In other news:

  • Midea confirmed it has made a takeover offer for Swedish rival Electrolux AB.
  • Iberdrola refutes the possibility of a takeover of German RWE for EUR 31 billion.
  • Ryanair orders 300 B737MAX-10 for a list price of $40bn, which means nothing because the company has probably largely broken the theoretical price.
  • Bain Capital raises its offer for Software AG to EUR 36 per share, subject to conditions, but the company still supports Silver Lake's EUR 32 offer.
  • Prosus is considering selling PayU's operations outside India.
  • Swedish Orphan Biovitrum to buy CTI Biopharma for $1.7bn.
  • Novartis and Evotec will jointly develop biosimilars.
  • Roberto Cingolani is appointed CEO and Managing Director of Leonardo.
  • Embraer and Saab launched a production line in Brazil for the Gripen fighter jet on Tuesday.
  • British engineer Melrose Industries will reposition itself as a purely aerospace-focused group, Sky News reported.
  • HSBC will launch a share buyback of up to $2 billion.
  • Syneos is reportedly being courted by the Elliott, Patient Square and Veritas trio.
  • Microsoft and Oracle are reportedly discussing sharing artificial intelligence servers to solve scarcity problems, according to The Information.
  • MINT has no plans to delist NH Hotel.
  • Tesco's non-executive chairman faces allegations of inappropriate behavior from four women.
  • Tesla announces that its Texas factory is reaching production of 5,000 Model Ys per week.
  • The boss of International Distributions Services (formerly Royal Mail) is set to step down after parliamentarians criticized the performance of the former state monopoly, which has been hit by massive strikes, Sky News reported Tuesday.
  • Risanamento signs the deed of sale for the Lotto Arena with CTS Eventim.
  • Macquarie expects $1 billion from the sale of Ceres, the US port terminal operator.
  • Uber Technologies is now offering a booking service in Britain for international and domestic flights via its app, the Financial Times reported Wednesday.
  • GAM's Newgame investor group attacks Copa decision
  • JD Sports will appoint Dominic Platt as CFO this week, according to Sky News.
  • Main earnings reports today: Siemens Healthineers, Compass, Ahold Delhaize, Vestas, Sampo, Genmab, Continental, ABN Amro, Nexi, Spirax, Ageas, Mowi... The whole earnings calendar is here.