International News
Europe close: Carmakers drive markets lower as earnings disappoint
European stock markets finished with heavy losses on Tuesday, with the exception of the UK's FTSE 100, with positive eurozone GDP data failing to lift the mood following some disappointing corporate results from some the region's heavy hitters.
Asian markets drive Q1 revenue growth at Carlsberg
Danish brewing giant Carlsberg on Tuesday announced a DKK1. 0bn (£110m) share buyback after a solid start to 2024 with strong growth in Asia and Central and Eastern Europe.
Eli Lilly hikes sales guidance by $2bn, shares jump
Shares in Eli Lilly jumped on Wall Street on Tuesday after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
US consumer confidence drops to 21-month low
Consumer confidence in the United States unexpectedly weakened in April, according to data released on Tuesday by The Conference Board, as the public turned more pessimistic about future business conditions and the labour market.
US open: Stocks trade lower as traders look ahead to outcome of FOMC meeting
Wall Street stocks registered early losses on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
US house prices near record highs as growth picks up
Urban house-price growth in the US accelerated to its highest level in 16 months in February, according to data out on Tuesday from S&P CoreLogic Case-Shiller, with prices at or near all-time highs.
US Employment Cost Index rises more quickly than expected in Q1
The cost in the U. S. of employing workers picked up modestly at the start of 2024 amid a jump in benefits.
First-quarter earnings fizz at Coca-Cola
The Coca-Cola Company lifted its annual sales forecast on Tuesday, after first-quarter numbers at the US giant topped expectations.
McDonald's delivers mixed Q1 results
Fast food giant McDonald's delivered mixed first-quarter results on Tuesday as restructuring costs weighed on profits.
Spain's BBVA approaches rival Sabadell regarding possible merger
Spain's second-largest lender BBVA has expressed its renewed interest in a takeover of its smaller rival Banco Sabadell.
Santander sees profits spark on higher interest rates
Banco Santander said on Tuesday that profits jumped in the first quarter, boosted by higher interest rates.
US pre-open: Dow futures little changed ahead of FOMC meeting
Dow Jones futures were little changed ahead of the bell on Tuesday as market participants looked ahead to the outcome of the Federal Reserve's two-day policy meeting and more mega-cap earnings.
Eurozone exits recession as Q1 GDP grows 0.3%, inflation holds at 2.4%
There were further signs that the eurozone was starting to turn a corner as inflation held steady at 2. 4% and the single currency economy avoided recession in the first quarter of the year.
Barclays in talks to take over Goldman's GM-branded credit cards - report
Barclays is reportedly in talks with US banking giant Goldman Sachs to acquire $2bn in credit card balances from its co-branded credit programme with General Motors.
Volkswagen retains growth guidance despite Q1 weakness
Volkswagen's share price was in reverse on Tuesday after the German automaker reported a slow start to the year, though the company expressed its confidence in hitting full-year targets with the release of more than 30 new models.
Mercedes-Benz Q1 earnings plummet on model transitions, EV slump
German automotive group Mercedes-Benz said on Tuesday that Q1 earnings had plummeted as it was weighed down by model changes and soft demand for electric vehicles.
German economy avoids recession, labour market resilient
The German economy avoided recession in the first quarter of the year, with modest 0. 2% growth reported on Tuesday, surpassing analysts' expectations.
Asia report: Most markets rise as yen falls back
Asian markets saw a mixed day of trading on Tuesday, as investors navigated between positive cues from Wall Street and cautious sentiment surrounding China's factory activity.
China's manufacturing sector gathers pace in April
China’s manufacturing sector continued to strengthen in April, closely-watched data published on Tuesday showed.
German retail sales post unexpected 1.8% rise in March
German retail sales posted a higher-than-expected by 1. 8% rise in March compared with the previous month, according to official data published on Tuesday.