Corporate results:
- Michelin: Q1 revenues are down but 2023 forecasts confirmed.
- Pernod Ricard: Third-quarter sales are below expectations, and current operating income is down.
- Sanofi confirms its annual targets after a good first quarter.
- BBVA: Strong increase in profit (+39%) in Q1.
- Barclays posts better than expected Q1 profit.
- BASF posts higher Q1 net profit, but lower sales.
- Delivery Hero expects gross market value growth of 5-7% in 2023.
- eBay: Quarterly results are well received. +2.6% in after-hours.
- London Stock Exchange reaffirms guidance for 2023.
- Meta Platforms: Q2 outlook is strong. +11% out of session.
- Samsung: Q1 earnings are slightly below expectations.
- Unilever: Q1 sales better than expected thanks to price increases.
- Hilton raised its annual adjusted earnings-per-share forecast on the strength of demand as tourism recovers.
In other news:
- Walt Disney files a lawsuit against Florida Governor Ron DeSantis.
- Stellantis launches a voluntary separation plan for 33,500 employees in the United States.
- Deutsche Börse launches a EUR 3.9 billion friendly bid for Danish Simcorp.
- Iliad and Vodafone are reportedly restarting European merger talks, according to Bloomberg.
- The UK is blocking Microsoft's takeover of Activision Blizzard.
- Glencore buys Brazilian assets of Norsk Hydro for $1.11 billion.
- Kirin buys Blackmores for $1.9 billion.
- Activist hedge fund TCI gets a seat on the Cellnex board.
- Belgium to investigate Bpost for possible overcharging in public contracts.
- Boeing plans to increase production of its 737 MAX aircraft to 38 a month by the end of the year.
- Top earnings reports of the day: Amazon, Mastercard, AbbVie, Eli Lilly, Merck, AstraZeneca, Intel, Honeywell, Caterpillar... The whole agenda is here.