Corporate results:

  • Alcon improves over the first three months of the year.
  • Bayer reports Q1 earnings ahead of analysts' consensus.
  • Brenntag Q1 earnings affected by price pressure and lower demand.
  • Apple supplier Foxconn (Hon Hai Precision) increases Q1 profits by 72%, but misses forecasts.
  • Fraport exceeds expectations in Q1.
  • Lonza confirms annual targets after Q1.
  • Petrobras reports below expectations and proposes $2.6 billion dividend.
  • Rheinmetall reports higher first-quarter profits thanks to boom in arms spending.
  • Sonova cuts dividend after a year of decline.
  • Sony reports a 7% drop in annual profit and just misses the target set for the PS5.
  • Vodafone forecasts EBITDA of around €11 billion for 2025.

In other news:

  • Anglo American is considering selling its steelmaking coal, nickel and diamonds.
  • Volkswagen is considering selling shares in truck manufacturer Traton, according to Bloomberg.
  • Virgin Money UK cancels a share buyback program.
  • The Belgian State, via SFPIM, has taken a 5% stake in Umicore.
  • Booking subject to new EU competition rules.
  • Walmart to lay off hundreds of employees and relocate others, according to the WSJ.
  • ISS recommends that Hess shareholders abstain from voting in favor of the merger with Chevron.
  • Uber buys Delivery Hero 's Foodpanda business in Taiwan for $950 million.
  • Kraft Heinz considers a sale of its Oscar Mayer charcuterie division.
  • Meta explores AI-assisted, camera-enabled earbuds, according to The Information.
  • Walgreens contacts potential buyers for its Boots UK chain, according to Bloomberg.
  • GameStop soars after the return of its "Roaring Kitty" flagship.
  • Novavax jumps 50% again in the wake of agreement with Sanofi.
  • Marathon Petroleum appoints Maryann Mannen CEO.
  • Rumble announced on Monday evening that it was taking legal action against Alphabet subsidiary Google, accusing the technology giant of anti-competitive practices via its digital advertising products. The video-sharing platform is seeking damages of over one billion dollars.
  • Mexican airline Grupo Aeroméxico files for an IPO in the USA. Novelis also files for an IPO. Games Global, on the other hand, has given up.
  • Joe Biden unveiled new measures on Tuesday to raise tariffs on numerous Chinese imports, including electric vehicles, semiconductors and medical products.
  • China's COMAC is working on the preliminary design of a new wide-body aircraft, the C939, according to several sources.
  • Sony restructures the management of its core video games business.
  • Chinese developer Agile Group fails to pay interest on $483m offshore loan.

Main earnings reports today: The Home Depot, Alibaba Group, Charles Schwab, Nu Holdings, Sea Limited, Hydro One Limited, On Holding, Alcon, Bayer AG, Flutter Entertainment, Hannover Re, EnBW, Vodafone Group, Veolia Environnement, CEZ, Sonova Holding, Porsche Automobil Holding, Rheinmetall, Tencent Holdings ...