Corporate results:
- Aegon: The insurer raised its full-year operating capital generation and free cash flow forecasts from 2021 to 2023.
- Daimler Truck: The group posted an adjusted profit of €1 billion in Q2, far exceeding analyst expectations thanks to strong demand and positive currency effects.
- Deutsche Telekom: The German telecom operator raised its earnings forecast.
- K+S: The group maintains its full-year outlook due to soaring potash prices.
- KBC Group: Net profit reached €811m in Q2, up from €793m a year earlier. It raised its forecasts.
- Metro AG: The German group reported higher quarterly revenues of €7.9bn, with a loss of €290m. The stock was up in pre-opening trading.
- NN Group: The Dutch insurer said Thursday that its core profit in the first half of 2022 fell 12.1% due to the impact of weather events and the sale of its asset management business.
- Salzgitter: The German steelmaker confirmed its 2022 financial outlook even though its half-year profit has already reached the lower end of the full-year forecast range.
- Siemens AG: The group is in losses due to a heavy write-down on Siemens Energy. Revenues are a bit better than expected but targets are cut due to the impairment.
- ThyssenKrupp: The elevator maker nearly tripled its operating profit in the latest quarter.
- Walt Disney: The stock rose out of session after the release of good quarterly results. It surpassed Netflix in subscribers and plans to raise its prices.
- Zurich Insurance: The group announced a CHF1.8bn share buyback program on the sidelines of its quarterly earnings release.
- Bank of America gained about 1 percent in premarket trading, as banking stocks continued to benefit from a general uptick in optimism about the economy after lower-than-expected U.S. inflation numbers released Wednesday.
- Bumble - The online dating app publisher lowered its annual revenue forecast and reported a lower-than-expected quarterly profit.
- Sonos - The connected audio systems lowered its annual revenue forecast and pushing back its medium-term target due to economic uncertainties. Sonos also announced the departure of its CFO.
In other news:
- Credit Suisse's largest shareholder, Harris Associates, has doubled its stake to more than 10% of the capital.
- Twitter - Elon Musk's lawyers are asking the social network for the names of employees responsible for calculating the share of fake user accounts and "bots", a key issue in the conflict between Twitter and the billionaire who was once a candidate for its acquisition, a source close to the case said.
- Australian CSL completed the purchase of Vifor Pharma.
- Partners Group sells 50% of USIC to Kohlberg in a $4 billion deal.
- ABB acquires its low-voltage Nema motor business from Siemens.
- The Boeing Company delivered its first 787 Dreamliner in over a year.
- T-Mobile - Deutsche Telekom, the first shareholder of the operator, said Thursday that it expects to become a majority shareholder well before 2024.
- Roche obtains an extension of the approval for Ventana in the USA.
- Bavarian Nordic expressed reservations about the U.S. government's plan to split doses of its monkeypox vaccine due to insufficient supply.
- Nel wins $8 million order to supply fueling units for electric vehicles.
Main earnings reports today: Deutsche Telekom, Siemens AG, Zurich Insurance, Hapag-Lloyd, Orsted, RWE, KBC, Novozymes... All the agenda here.