Market Update
U.S. Movers: Cadence Design, Domino’s Pizza, Grupo Aeroportuario del Centro Norte
Scott Peters
29 Apr, 2025
New York City
Cadence Design Systems Inc. eased 0.6% to $284.00 after the software company reported first-quarter 2025 results.
Revenue edged up to $1.24 billion from $1.01 billion, net income surged to $273.58 million from $247.64 million, and diluted earnings per share jumped to $1.01 from 92 cents a year ago.
The company guided fiscal 2025 revenue to be between $5.15 billion and $5.23 billion, compared to $4.64 billion in 2024, and GAAP diluted net income per share between $4.21 and $4.31, compared to $3.85 a year earlier.
The company estimated GAAP operating margin to be between 30.25% and 31.25%, compared to 29.1% in 2024, and non-GAAP diluted earnings per share between $6.73 and $6.83, compared to $5.97 a year ago.
Domino's Pizza eased 0.1% to $490.00 after the pizza restaurant operator announced first-quarter 2025 results.
Revenue increased 2.5% to $1.11 billion from $1.08 billion, net income surged 18.9% to $149.7 million from $125.8 million, and diluted earnings per share rose 20.9% to $4.33 from $3.58 a year ago.
Same-store sales of U.S. company-owned stores slipped 2.9% in the quarter, U.S. franchise store sales declined 0.4%, U.S. store sales dropped 0.5%, and international store sales rose 3.7%, excluding the foreign currency impact.
The company proposed a quarterly dividend of $1.74 per share, payable on June 30 to shareholders on record as of June 13.
During the quarter, the pizza chain operator repurchased and retired 115,280 shares for a total of $50.0 million, and as of March 23, it had $764.3 million remaining under repurchase authorization.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., traded flat at $88.92 after the Mexican airport operator reported first-quarter 2025 results.
Revenue slipped 5% to 3.57 billion pesos from 3.75 billion pesos, net income jumped 19.7% to 1.29 billion pesos from 1.08 billion pesos, and earnings per share rose 19.3% to 3.33 pesos from 2.79 pesos a year ago.
Passenger traffic increased by 9.1% during the quarter to 6.427 million passengers from 5.889 million passengers a year earlier.
Europe Movers: Adidas, BP, Deutsche Börse, HSBC, Lufthansa, Novartis, Porsche, Schneider Electric, Volvo
Inga Muller
29 Apr, 2025
Frankfurt
Schneider Electric dropped 0.3% to €217.10 after the French industrial technology company reported first-quarter 2025 results.
Revenue increased 8.4% to €9.32 billion from €8.61 billion a year ago, driven by growth in North America and Asia Pacific.
North America revenue was up 15.2%, while in Asia Pacific sales jumped 9.3%, led by strong performance in India.
During the quarter, the company completed the acquisition of Motivair Corp., a provider of liquid cooling and advanced thermal management solutions for high-performance computing systems.
Furthermore, Schneider established a joint venture with StarCharge, a provider of electric vehicle charging infrastructure and microgrid solutions.
Schneider estimated fiscal 2025 revenue to grow between 7% and 10% on an organic basis, compared to €38 billion in 2024, and adjusted EBITA growth to be between 10% and 15%, compared to €7.03 billion a year earlier.
Deutsche Börse AG dropped 1.8% to €277.70 after the company reported first-quarter 2025 results.
Sales revenue surged to €1.64 billion from €1.45 billion, net income jumped to €524.9 million from €497.6 million, and basic earnings per share rose to €2.86 from €2.70 a year ago.
Earnings per share before purchase price allocations edged up to €3.05 from €2.89 a year earlier.
Novartis AG gained 0.9% to CHF 93.40 after the Swiss pharmaceutical company reported first-quarter 2025 results.
Net sales surged to $13.23 billion from $11.83 billion, net income jumped to $3.61 billion from $2.69 billion, and earnings per share rose to $1.83 from $1.31 a year ago.
The company guided fiscal 2025 net sales to grow by a high single-digit percent, compared to $50.32 billion in 2024, and core operating income to increase by a low double-digit percent, compared to $19.5 billion a year earlier.
During the quarter, Novartis repurchased a total of 24.8 million shares for $2.6 billion, and an additional 1.5 million shares were repurchased from employees for a total of $0.2 billion.
HSBC Holdings plc gained 0.2% to 835.30 pence after the UK-based financial services company reported first-quarter 2025 results.
Revenue declined to $17.6 billion from $20.4 billion, profit edged down to $6.93 billion from $10.18 billion, and diluted earnings per share fell to 39 cents from 54 cents a year ago.
The company guided for each of 2025 to 2027, banking net interest income to be around $42 billion, depending on the market environment.
BP Plc. dropped 0.3% to 363.25 pence after the energy company reported first-quarter 2025 results.
Revenue declined to $47.88 billion from $49.96 billion, profit slumped to $687 million from $2.26 billion, and diluted earnings per share fell to $4.27 from $13.25 a year ago.
The company guided second-quarter upstream production to be broadly flat compared to the previous quarter sequentially.
Furthermore, BP estimated full-year divestment and other proceeds to be around $3 billion to $4 billion, weighted towards the second half.
Adidas AG gained 0.2% to €217.40 after the German sporting goods maker reported better-than-expected results in the first quarter of 2025.
Net sales surged 12.7% to €6.15 billion from €5.46 billion, net income jumped 151.3% to €428 million from €170 million, and diluted earnings per share edged up to €2.40 from 95 cents a year ago.
Sales in North America increased 5.5% from a year earlier, while in all other regions they were up by a double-digit percent.
The company guided full-year sales to grow at a high-single-digit rate, compared to €23.68 billion in 2024, and operating profit to increase to between €1.7 billion and €1.8 billion, compared to €1.3 billion in 2024.
Adidas has completed the sale of the remaining Yeezy inventory, and the company’s outlook does not include any Yeezy revenues.
Yeezy brought in around €650 million in revenues and profits of around €200 million in 2024.
Deutsche Lufthansa AG gained 0.8% to €6.54 after the German airline operator reported first-quarter 2025 results.
Revenue edged up 10% to €8.13 billion from €7.39 billion, net loss expanded to €885 million from a loss of €734 million, and diluted loss per share widened to 74 cents from a loss of 61 cents a year ago.
The company estimated fiscal 2025 capital expenditures to be between €2.7 billion and €3.3 billion, adjusted free cash flow to be stable versus 2024, and dividends to represent 20% to 40% of net income.
Volvo Group eased 0.7% to 264.90 krona after the Swedish vehicle manufacturer reported first-quarter 2025 results.
Net sales declined 7% to SEK 121.79 billion from SEK 131.18 billion, net income slumped to SEK 9.89 billion from SEK 14.08 billion, and diluted earnings per share fell to SEK 4.86 from SEK 6.92 a year ago.
Sales in Europe and Africa and Oceania were significantly lower during the quarter, down 13% and 15%, respectively.
During the quarter, net order intake increased 24% to 17,176 machines, as order intake for the Volvo brand climbed by 19%, with improvements in all markets except South America.
Deliveries in the quarter were 7% higher than in 2024 and amounted to 15,508 machines, as increased volumes in China offset lower demand in Europe and North America.
Porsche Automobil Holding SE dropped 1.3% to €36.30 after the German luxury car manufacturer reported first-quarter 2025 results.
Revenue declined to €8.86 billion from €9.01 billion, profit after tax slumped to €517 million from €927 million, and diluted earnings per share fell to 56 cents from €1.01 a year ago.
At the end of the quarter, deliveries had fallen by 7.9% to 71,470 vehicles from 77,640 a year earlier.
Europe Movers: Adidas, BP, Deutsche Börse, HSBC, Lufthansa, Novartis, Porsche, Schneider Electric, Volvo
Inga Muller
29 Apr, 2025
Frankfurt
Schneider Electric dropped 0.3% to €217.10 after the French industrial technology company reported first-quarter 2025 results.
Revenue increased 8.4% to €9.32 billion from €8.61 billion a year ago, driven by growth in North America and Asia Pacific.
North America revenue was up 15.2%, while in Asia Pacific sales jumped 9.3%, led by strong performance in India.
During the quarter, the company completed the acquisition of Motivair Corp., a provider of liquid cooling and advanced thermal management solutions for high-performance computing systems.
Furthermore, Schneider established a joint venture with StarCharge, a provider of electric vehicle charging infrastructure and microgrid solutions.
Schneider estimated fiscal 2025 revenue to grow between 7% and 10% on an organic basis, compared to €38 billion in 2024, and adjusted EBITA growth to be between 10% and 15%, compared to €7.03 billion a year earlier.
Deutsche Börse dropped 1.8% to €277.70 after the company reported first-quarter 2025 results.
Sales revenue surged to €1.64 billion from €1.45 billion, net income jumped to €524.9 million from €497.6 million, and basic earnings per share rose to €2.86 from €2.70 a year ago.
Earnings per share before purchase price allocations edged up to €3.05 from €2.89 a year earlier.
Novartis gained 0.9% to CHF 93.40 after the Swiss pharmaceutical company reported first-quarter 2025 results.
Net sales surged to $13.23 billion from $11.83 billion, net income jumped to $3.61 billion from $2.69 billion, and earnings per share rose to $1.83 from $1.31 a year ago.
The company guided fiscal 2025 net sales to grow by a high single-digit percent, compared to $50.32 billion in 2024, and core operating income to increase by a low double-digit percent, compared to $19.5 billion a year earlier.
During the quarter, Novartis repurchased a total of 24.8 million shares for $2.6 billion, and an additional 1.5 million shares were repurchased from employees for a total of $0.2 billion.
HSBC gained 0.2% to 835.30 pence after the UK-based financial services company reported first-quarter 2025 results.
Revenue declined to $17.6 billion from $20.4 billion, profit edged down to $6.93 billion from $10.18 billion, and diluted earnings per share fell to 39 cents from 54 cents a year ago.
The company guided for each of 2025 to 2027, banking net interest income to be around $42 billion, depending on the market environment.
BP Plc. dropped 0.3% to 363.25 pence after the energy company reported first-quarter 2025 results.
Revenue declined to $47.88 billion from $49.96 billion, profit slumped to $687 million from $2.26 billion, and diluted earnings per share fell to $4.27 from $13.25 a year ago.
The company guided second-quarter upstream production to be broadly flat compared to the previous quarter sequentially.
Furthermore, BP estimated full-year divestment and other proceeds to be around $3 billion to $4 billion, weighted towards the second half.
Adidas AG gained 0.2% to €217.40 after the German sporting goods maker reported better-than-expected results in the first quarter of 2025.
Net sales surged 12.7% to €6.15 billion from €5.46 billion, net income jumped 151.3% to €428 million from €170 million, and diluted earnings per share edged up to €2.40 from 95 cents a year ago.
Sales in North America increased 5.5% from a year earlier, while in all other regions they were up by a double-digit percent.
The company guided full-year sales to grow at a high-single-digit rate, compared to €23.68 billion in 2024, and operating profit to increase to between €1.7 billion and €1.8 billion, compared to €1.3 billion in 2024.
Adidas has completed the sale of the remaining Yeezy inventory, and the company’s outlook does not include any Yeezy revenues.
Yeezy brought in around €650 million in revenues and profits of around €200 million in 2024.
Deutsche Lufthansa AG gained 0.8% to €6.54 after the German airline operator reported first-quarter 2025 results.
Revenue edged up 10% to €8.13 billion from €7.39 billion, net loss expanded to €885 million from a loss of €734 million, and diluted loss per share widened to 74 cents from a loss of 61 cents a year ago.
The company estimated fiscal 2025 capital expenditures to be between €2.7 billion and €3.3 billion, adjusted free cash flow to be stable versus 2024, and dividends to represent 20% to 40% of net income.
Volvo Group eased 0.7% to 264.90 krona after the Swedish vehicle manufacturer reported first-quarter 2025 results.
Net sales declined 7% to SEK 121.79 billion from SEK 131.18 billion, net income slumped to SEK 9.89 billion from SEK 14.08 billion, and diluted earnings per share fell to SEK 4.86 from SEK 6.92 a year ago.
Sales in Europe and Africa and Oceania were significantly lower during the quarter, down 13% and 15%, respectively.
During the quarter, net order intake increased 24% to 17,176 machines, as order intake for the Volvo brand climbed by 19%, with improvements in all markets except South America.
Deliveries in the quarter were 7% higher than in 2024 and amounted to 15,508 machines, as increased volumes in China offset lower demand in Europe and North America.
Porsche Automobil Holding SE dropped 1.3% to €36.30 after the German luxury car manufacturer reported first-quarter 2025 results.
Revenue declined to €8.86 billion from €9.01 billion, profit after tax slumped to €517 million from €927 million, and diluted earnings per share fell to 56 cents from €1.01 a year ago.
At the end of the quarter, deliveries had fallen by 7.9% to 71,470 vehicles from 77,640 a year earlier.
European Markets Extend Gains Powered by Bank and Luxury Stock Rally
Bridgette Randall
29 Apr, 2025
London
European markets advanced in Tuesday's trading as investors awaited the release of economic data and a slew of corporate earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced, and investors reviewed earnings from Porsche, Schneider Electric, and Deutsche Börse.
Incoming German Chancellor Friedrich Merz announced cabinet positions from his conservative CDU Party, including foreign minister and economy minister.
Investor sentiment improved over the last two weeks because of positive earnings from leading corporations and hopes of improving trade relations with the U.S.
Consumer sentiment in Germany continues its recovery in April that began in the previous month.
Both income expectations and the willingness to buy show noticeable increases, while economic expectations improve only slightly.
Germany’s GfK Consumer Climate Indicator improved to -20.6 for May 2025 from a revised -24.3 in April, the best reading since August 2024, extending a recovery that began in April.
Germany's consumer sentiment has remained weak amid deteriorating economic conditions and weak export growth.
“Whether the decline in the propensity to save will continue in the coming months remains to be seen, and it certainly depends on how trade conflict between the U.S. and the rest of the world develops,” added Rolf Burkl, consumer expert at NIM.
Europe Indexes and Yields
The DAX index increased by 0.6% to 22,417.15, the CAC-40 index edged higher 0.1% to 7,584.75, and the FTSE 100 index declined by 0.02% to 8,415.35.
The yield on 10-year German bonds inched lower to 2.50%, French bonds decreased to 3.21%, the UK gilts moved down to 4.51%, and Italian bonds edged lower to 3.61%.
The euro decreased to $1.14; the British pound was lower at $1.34; and the U.S. dollar was higher and traded at 82.41 Swiss cents.
Brent crude decreased $0.80 to $65.08 a barrel, and the Dutch TTF natural gas was lower by €0.24 to €31.53 per MWh.
Europe Indexes and Stocks
Merck KGaA rose 1.3% to €122.70, and the German pharmaceutical company agreed to acquire SpringWorks Therapeutics for $3.9 billion to expand its cancer business.
Banking and luxury stocks advanced in Paris trading for the second consecutive day.
LVMH increased 0.2% to €502.0, Kering SA edged up 0.3% to €178.50, and L'Oreal SA advanced 0.2% to €379.20.
Credit Agricole SA edged up 0.2% to €17.13, and BNP Paribas SA increased 0.2% to €74.10.
Deliveroo PLC extended a two-day gain to 19%, to 170.40 pence, after the delivery service provider received a takeover offer from the U.S.-based DoorDash.
Deutsche Bank AG increased 0.3% to €22.42, and the German bank reported a 39% increase in earnings in the first quarter.
HSBC Holdings advanced 1.4% to 843.68 pence, and the UK- and China-based bank reported better-than-expected results in the first quarter and the company launched a $3 billion stock buyback program.
European Markets Extend Gains Powered by Bank and Luxury Stock Rally Lifts
Bridgette Randall
29 Apr, 2025
London
European markets advanced in Tuesday's trading as investors awaited the release of economic data and a slew of corporate earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced, and investors reviewed earnings from Porsche, Schneider Electric, and Deutsche Börse.
Incoming German Chancellor Friedrich Merz announced cabinet positions from his conservative CDU Party, including foreign minister and economy minister.
Investor sentiment improved over the last two weeks because of positive earnings from leading corporations and hopes of improving trade relations with the U.S.
Consumer sentiment in Germany continues its recovery in April that began in the previous month.
Both income expectations and the willingness to buy show noticeable increases, while economic expectations improve only slightly.
Germany’s GfK Consumer Climate Indicator improved to -20.6 for May 2025 from a revised -24.3 in April, the best reading since August 2024, extending a recovery that began in April.
Germany's consumer sentiment has remained weak amid deteriorating economic conditions and weak export growth.
“Whether the decline in the propensity to save will continue in the coming months remains to be seen, and it certainly depends on how trade conflict between the U.S. and the rest of the world develops,” added Rolf Burkl, consumer expert at NIM.
Europe Indexes and Stocks
Merck KGaA rose 1.3% to €122.70, and the German pharmaceutical company agreed to acquire SpringWorks Therapeutics for $3.9 billion to expand its cancer business.
Banking and luxury stocks advanced in Paris trading for the second consecutive day.
LVMH increased 0.2% to €502.0, Kering SA edged up 0.3% to €178.50, and L'Oreal SA advanced 0.2% to €379.20.
Credit Agricole SA edged up 0.2% to €17.13, and BNP Paribas SA increased 0.2% to €74.10.
Deliveroo PLC extended a two-day gain to 19%, to 170.40 pence, after the delivery service provider received a takeover offer from the U.S.-based DoorDash.
Deutsche Bank AG increased 0.3% to €22.42, and the German bank reported a 39% increase in earnings in the first quarter.
HSBC Holdings advanced 1.4% to 843.68 pence, and the UK- and China-based bank reported better-than-expected results in the first quarter.
Banks and Luxury Stocks Drive European Markets Higher
Bridgette Randall
29 Apr, 2025
London
European markets advanced in Tuesday's trading as investors awaited the release of economic data and a slew of corporate earnings.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced, and investors reviewed earnings from Porsche, Schneider Electric, and Deutsche Börse.
Incoming German Chancellor Friedrich Merz announced cabinet positions from his conservative CDU Party, including foreign minister and economy minister.
Investor sentiment improved over the last two weeks because of positive earnings from leading corporations and hopes of improving trade relations with the U.S.
Consumer sentiment in Germany continues its recovery in April that began in the previous month.
Both income expectations and the willingness to buy show noticeable increases, while economic expectations improve only slightly.
Germany’s GfK Consumer Climate Indicator improved to -20.6 for May 2025 from a revised -24.3 in April, the best reading since August 2024, extending a recovery that began in April.
Germany's consumer sentiment has remained weak amid deteriorating economic conditions and weak export growth.
“Whether the decline in the propensity to save will continue in the coming months remains to be seen, and it certainly depends on how trade conflict between the U.S. and the rest of the world develops,” added Rolf Burkl, consumer expert at NIM.
Europe Indexes and Stocks
Merck KGaA rose 1.3% to €122.70, and the German pharmaceutical company agreed to acquire SpringWorks Therapeutics for $3.9 billion to expand its cancer business.
Banking and luxury stocks advanced in Paris trading for the second consecutive day.
LVMH increased 0.2% to €502.0, Kering SA edged up 0.3% to €178.50, and L'Oreal SA advanced 0.2% to €379.20.
Credit Agricole SA edged up 0.2% to €17.13, and BNP Paribas SA increased 0.2% to €74.10.
Deliveroo PLC extended a two-day gain to 19%, to 170.40 pence, after the delivery service provider received a takeover offer from the U.S.-based DoorDash.
Deutsche Bank AG increased 0.3% to €22.42, and the German bank reported a 39% increase in earnings in the first quarter.
HSBC Holdings advanced 1.4% to 843.68 pence, and the UK- and China-based bank reported better-than-expected results in the first quarter.
China Markets Cautious Ahead of Bank Earnings, Policymakers Vow to Cushion Economy from U.S.-led Trade War
Li Chen
29 Apr, 2025
Hong Kong
Stock market indexes in China and Hong Kong traded in a tight range, and investors looked ahead to earnings from leading banks.
The Hang Seng index gained 0.4%, and the mainland-focused CSI 300 index declined 0.2%, amid ongoing trade tensions with the U.S.
ICBC, HSBC, and China Construction Bank are scheduled to release their earnings later today, and they are expected to deliver results that exceed market expectations.
Investors remain optimistic about the stock market trajectory despite the elevated trade tensions between the U.S. and China, and policymakers in Beijing reiterated their commitment to achieving economic growth of 5% in 2025.
Of the 470 million employed across all industries in China, about 12 million people are directly or indirectly linked with U.S. exports, according to a review of various government and private data available in China.
China's top planning agency and Politburo reassured markets on Friday and Monday that the central government is prepared to help firms and people who are negatively impacted by the U.S. import taxes as high as 145%.
China Indexes and Stocks
The Hang Seng index gained 0.4% to 22,062.02, and the mainland-focused CSI 300 index decreased 0.2% to 3,775.27.
Li Ning Co. Ltd. declined 2% to HK $14.60, and the sporting goods retailer reported a same-store sales increase in the low single digits in the first quarter.
HSBC Holdings decreased 0.1% to HK $85.60, ICBC edged lower 0.03% to HK $5.52, Bank of Communications fell 0.3% to HK $6.83, and China Construction Bank decreased 0.5% to HK $6.83.
Alibaba Group Holding increased 0.7% to HK $116.90, Tencent Holdings fell 0.5% to HK $475.70, and Meituan added 4.7% to HK $134.30.
China Markets Cautious Ahead of Bank Earnings, Policymakers Vow to Cushion Economy from U.S.-led Trade War
Li Chen
29 Apr, 2025
Hong Kong
Stock market indexes in China and Hong Kong traded in a tight range, and investors looked ahead to earnings from leading banks.
The Hang Seng index gained 0.4%, and the mainland-focused CSI 300 index declined 0.2%, amid ongoing trade tensions with the U.S.
ICBC, HSBC, and China Construction Bank are scheduled to release their earnings later today, and they are expected to deliver results that exceed market expectations.
Investors remain optimistic about the stock market trajectory despite the elevated trade tensions between the U.S. and China, and policymakers in Beijing reiterated their commitment to achieving economic growth of 5% in 2025.
Of the 470 million employed across all industries in China, about 12 million people are directly or indirectly linked with U.S. exports, according to a review of various government and private data available in China.
China's top planning agency and Politburo reassured markets on Friday and Monday that the central government is prepared to help firms and people who are negatively impacted by the U.S. import taxes as high as 145%.
China Indexes and Stocks
The Hang Seng index gained 0.4% to 22,062.02, and the mainland-focused CSI 300 index decreased 0.2% to 3,775.27.
Li Ning Co. Ltd. declined 2% to HK $14.60, and the sporting goods retailer reported a same-store sales increase in the low single digits in the first quarter.
HSBC Holdings decreased 0.1% to HK $85.60, ICBC edged lower 0.03% to HK $5.52, Bank of Communications fell 0.3% to HK $6.83, and China Construction Bank decreased 0.5% to HK $6.83.
Alibaba Group Holding increased 0.7% to HK $116.90, Tencent Holdings fell 0.5% to HK $475.70, and Meituan added 4.7% to HK $134.30.
Earnings and Jobs Reports This Week Eyed to Assess Tariffs Damage
Barry Adams
28 Apr, 2025
San Francisco
Benchmark indexes traded down as the busy week of earnings and economic data releases got off to a start.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors await the release of earnings from 200 leading corporations this week.
Investors are holding out for leading tech companies to surpass earnings expectations, and Apple, Microsoft, Amazon.com, and Meta Platforms are scheduled to release their results this week.
Moreover, investors are looking ahead to quarterly results from Qualcomm, Caterpillar, Exxon Mobil, Chevron, Nucor Corp., and Coca-Cola Company.
This week will mark the end of the most volatile month on record in trading on Wall Street.
Market indexes plunged as much as 10% and then recovered the next day after the Trump administration introduced sweeping import taxes and walked back on some of the measures.
Moreover, Donald Trump attacked the independence and the autonomy of the U.S. Federal Reserve, unnerving global investors and setting off a sharp sell-off in the bond market.
However, the White House was forced to reverse course and assure the market that Trump is not looking to fire the Fed Chair Jerome Powell.
So far in April, the S&P 500 is down by 1.5%, and the Nasdaq Composite is up 0.5%.
In the week ahead, investors are looking ahead to the release of the job openings and non-farm payroll reports, two key job market reports that could provide deeper insights on the possible impact of Trump tariffs.
In addition, manufacturing surveys, the GDP growth rate, and the PCE Price Index, the alternative measure of inflation preferred by the Fed, are also on schedule.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.5% to 5,552.22, the Nasdaq Composite edged up 0.4% to 17,455.33, and the Russell 2000 index was up 0.5% to 1,967.08.
The yield on 2-year Treasury notes edged higher to 3.77%, 10-year Treasury notes increased to 4.29%, and 30-year Treasury bonds advanced to 4.75%.
WTI crude oil decreased $0.11 to $62.91 a barrel, and natural gas prices edged higher by $0.02 to $3.13 a thermal unit.
Gold decreased by $20.65 to 3,299.62 an ounce, and silver edged down by $0.01 to $33.07.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.14 to 99.61, and it traded at the lowest level since April 2022.
U.S. Stock Movers
Domino's Pizza decreased 1.8% to $480.0 after the pizza chain reported mixed quarterly results.
U.S. same-store sales decreased 0.5%, and first-quarter sales were $1.11 billion, and earnings per share were $4.33.
AutoNation Inc. increased 1% to $175.09, and the automotive dealer chain reported an 8% decline in earnings and a 3% rise in revenue in the first quarter.
HCA Healthcare extended two-day losses to 4%, $326.87, and the hospital chain reported a weaker-than-expected increase in revenue.
Earnings and Jobs Report This Week Eyed to Assess Tariffs Damage
Barry Adams
28 Apr, 2025
San Francisco
Benchmark indexes traded down as the busy week of earnings and economic data releases got off to a start.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite declined 0.2% as investors await the release of earnings from 200 leading corporations this week.
Investors are holding out for leading tech companies to surpass earnings expectations, and Apple, Microsoft, Amazon.com, and Meta Platforms are scheduled to release their results this week.
Moreover, investors are looking ahead to quarterly results from Qualcomm, Caterpillar, Exxon Mobil, Chevron, Nucor Corp., and Coca-Cola Company.
This week will mark the end of the most volatile month on record in trading on Wall Street.
Market indexes plunged as much as 10% and then recovered the next day after the Trump administration introduced sweeping import taxes and walked back on some of the measures.
Moreover, Donald Trump attacked the independence and the autonomy of the U.S. Federal Reserve, unnerving global investors and setting off a sharp sell-off in the bond market.
However, the White House was forced to reverse course and assure the market that Trump is not looking to fire the Fed Chair Jerome Powell.
So far in April, the S&P 500 is down by 1.5%, and the Nasdaq Composite is up 0.5%.
In the week ahead, investors are looking ahead to the release of the job openings and non-farm payroll reports, two key job market reports that could provide deeper insights on the possible impact of Trump tariffs.
In addition, manufacturing surveys, the GDP growth rate, and the PCE Price Index, the alternative measure of inflation preferred by the Fed, are also on schedule.
U.S. Stock Movers
Domino's Pizza decreased 1.8% to $480.0 after the pizza chain reported mixed quarterly results.
U.S. same-store sales decreased 0.5%, and first-quarter sales were $1.11 billion, and earnings per share were $4.33.
AutoNation Inc. increased 1% to $175.09, and the automotive dealer chain reported an 8% decline in earnings and a 3% rise in revenue in the first quarter.
HCA Healthcare extended two-day losses to 4%, $326.87, and the hospital chain reported a weaker-than-expected increase in revenue.
European Markets Edged Higher In Cautious Trading Ahead of Earnings Results
Bridgette Randall
28 Apr, 2025
London
Stock market indexes across the eurozone advanced in Monday's trading and extended April gains as earnings season got underway.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced amid cooling trade tensions with the U.S.
Despite the recent gains in stock market indexes, investor sentiment remains fragile amid the weakening economic outlook and macro headwinds faced by the four largest export-driven economies of the eurozone—Germany, France, Italy, and Spain.
Market sentiment was bolstered in the previous week after corporate earnings either met or surpassed low expectations, but several companies refrained from providing annual outlooks, citing elevated economic and trade uncertainties.
Investors are looking ahead to the release of Eurozone consumer confidence and inflation expectations and manufacturing business activities in France, Germany, the UK, and the Eurozone.
The UK, Germany, and Spain’s retail sales are also scheduled for the week ahead.
In the UK, the Nationwide House Price Index is expected to provide insights into market trends after recent tax changes.
On the earnings front in Europe, markets are looking ahead to the results from Schneider Electric, Deutsche Börse, AstraZeneca, Novartis, HSBC Holdings, BP PLC, Deutsche Bank, Porsche, Airbus, Shell plc, London Stock Exchange, Lloyds Banking, and BASF.
Europe Indexes and Yields
The DAX index increased by 0.4% to 22,323.59, the CAC-40 index edged higher by 0.5% to 7,577.00, and the FTSE 100 index advanced by 0.4% to 8,446.04.
The yield on 10-year German bonds inched higher to 2.50%, French bonds increased to 3.22%, the UK gilts moved up to 4.49%, and Italian bonds edged higher to 3.61%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 83.01 Swiss cents.
Brent crude increased $0.17 to $67.04 a barrel, and the Dutch TTF natural gas was higher by €0.38 to €32.35 per MWh.
Europe Movers
Vivendi SE decreased 3% to €2.53 after the French media company reported a modest increase in revenue in the first quarter.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
European Markets Edged Higher In Cautious Trading Ahead of Earnings Results
Bridgette Randall
28 Apr, 2025
London
Stock market indexes across the eurozone advanced in Monday's trading and extended April gains as earnings season got underway.
Benchmark indexes in Frankfurt, Paris, Milan, and London advanced amid cooling trade tensions with the U.S.
Despite the recent gains in stock market indexes, investor sentiment remains fragile amid the weakening economic outlook and macro headwinds faced by the four largest export-driven economies of the eurozone—Germany, France, Italy, and Spain.
Market sentiment was bolstered in the previous week after corporate earnings either met or surpassed low expectations, but several companies refrained from providing annual outlooks, citing elevated economic and trade uncertainties.
Investors are looking ahead to the release of Eurozone consumer confidence and inflation expectations and manufacturing business activities in France, Germany, the UK, and the Eurozone.
The UK, Germany, and Spain’s retail sales are also scheduled for the week ahead.
In the UK, the Nationwide House Price Index is expected to provide insights into market trends after recent tax changes.
On the earnings front in Europe, markets are looking ahead to the results from Schneider Electric, Deutsche Börse, AstraZeneca, Novartis, HSBC Holdings, BP PLC, Deutsche Bank, Porsche, Airbus, Shell plc, London Stock Exchange, Lloyds Banking, and BASF.
Europe Indexes and Yields
The DAX index increased by 0.4% to 22,323.59, the CAC-40 index edged higher by 0.5% to 7,577.00, and the FTSE 100 index advanced by 0.4% to 8,446.04.
The yield on 10-year German bonds inched higher to 2.50%, French bonds increased to 3.22%, the UK gilts moved up to 4.49%, and Italian bonds edged higher to 3.61%.
The euro decreased to $1.13; the British pound was lower at $1.33; and the U.S. dollar was higher and traded at 83.01 Swiss cents.
Brent crude increased $0.17 to $67.04 a barrel, and the Dutch TTF natural gas was higher by €0.38 to €32.35 per MWh.
Europe Movers
Vivendi SE decreased 3% to €2.53 after the French media company reported a modest increase in revenue in the first quarter.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
Europe Movers: Vivendi
Inga Muller
28 Apr, 2025
Frankfurt
Vivendi SE traded down 2.6% to €2.53 after the French media company reported a slight increase in revenue in the first quarter of 2025.
Revenue inched up 0.6% to €69.4 million from €69.0 million a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 billion, compared to €2.072 billion sequentially in the previous quarter.
Net debt declined after the company used €684 million of proceeds from the 15% sale in Italy-based mobile telephone company TIM to Poste Italiane to repay some of its outstanding debt.
Europe Movers: Vivendi
Inga Muller
28 Apr, 2025
Frankfurt
Vivendi SE traded down 2.6% to €2.53 after the French media company reported a slight increase in revenue in the first quarter of 2025.
Revenue inched up 0.6% to €69.4 billion from €69.0 billion a year ago, driven by a 13.5% increase in PC and console sales.
Net asset value was €5.2 billion, an increase of 7.8% compared to the quarter ending in December, and net debt was €1.660 million, compared to €2.072 million sequentially in the previous quarter.