U.S. stock index futures climbed higher on Tuesday ahead of the next round of quarterly earnings reports, with investors also keenly looking at the safety of reopening economies hit hard by the coronavirus-induced shutdowns.
PepsiCo Inc beat first quarter revenue estimates, but ditched its full-year forecast on Tuesday, citing uncertainty around the globe due to the novel coronavirus pandemic.
The idea of German flagship carrier Lufthansa using a type of protection from creditors is not yet off the table, a source at the airline said on Tuesday.
The Fed will announce its latest policy decision on Wednesday, but with rates already at near-zero, attention will likely shift to the central bank’s 9 liquidity facilities and its ballooning balance sheet. …read more […]
Top news and what to watch in the markets on Tuesday, April 28, 2020. …read more […]
Lufthansa and the Berlin government are pursuing a 9 billion euro ($9.76 billion) rescue package for the airline, company and government sources said on Tuesday, but gave no timing for an agreement after a report overnight said the deal was complete.
PepsiCo Inc reported a rise in first-quarter revenue, but ditched its full-year forecast on Tuesday, citing uncertainty around the globe due to the novel coronavirus pandemic.
The COVID-19 crisis has decimated travel demand, with an unprecedented number of flight cancellations in the second half of March. Dallas-based Southwest swung to a net loss of $94 million for the quarter ended March 31, compared to a profit of $387 million a year earlier. Total operating revenue declined 17.8% to $4.2 billion. …read more […]
Global vehicle sales by Japanese automakers dropped by 34% in March when the coronavirus outbreak spread worldwide, and are set to fall further in the months ahead as the crisis continues.
Europe’s biggest copper smelter Aurubis is set to win EU antitrust approval for its planned 380-million-euro ($412 million) acquisition of Belgian-Spanish metal recycling group Metallo, people familiar with the matter said on Tuesday.
The world’s largest wealth manager, UBS , reported a 40% rise in quarterly profit on Tuesday, with its core business enjoying its best three months since 2008, thanks to a restructure and rich clients reshuffling portfolios to respond to the coronavirus outbreak.
(Bloomberg) — European and Asian stocks climbed alongside U.S. equity futures on Tuesday as governments contemplated reopening their economies and the earnings season gathered pace. Crude oil pared an earlier slump.Banking and insurance shares led gainers on the Stoxx Europe 600 Index as all major national gauges advanced. S&P 500 contracts fluctuated before turning upward, after the underlying index closed at its highest since March 10 a day earlier. West Texas oil futures in New York had slumped below $11 a barrel, but recovered most of their slide. Treasuries were steady.On the earnings front, companies including PepsiCo Inc., Caterpillar Inc., …read more […]
Norwegian Air , the budget carrier that is fighting for its survival, has made some amendments to the terms of its debt-to-equity conversion plan in response to demands from bondholders, it said on Tuesday.
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