Latest Corporate News
ASML Raises Full-Year Sales Forecast on AI Chip Demand
ASML, Europe's most valuable company, lifted its 2026 sales forecast to 30-39 billion euros due to surging global AI spending boosting demand for its advanced chipmaking machines. However, its Q2 sales outlook of 8.4-9 billion euros fell short of the 9.07 billion euro estimate.
Shares gained in Amsterdam following the announcement.
Hermes Reports Disappointing Q1 Sales Growth
Luxury brand Hermes saw Q1 revenue rise 5.6% to 4.07 billion euros, slower than the prior quarter's 9.8% growth, impacted by Iran war disruptions. Shares fell the most on record after the report.
The Birkin bag maker faces an uncertain recovery in the luxury sector.
Kering Logs Lower Q1 Sales but Flags Improving Trends
Gucci owner Kering reported Q1 sales of 3.57 billion euros, down 6% reported but stable on comparable basis, meeting analyst forecasts. The company signals improving trends ahead of a new growth plan.
This comes amid luxury sector challenges from geopolitical tensions.
JPMorgan and Citi Report Record Earnings
Wall Street banks JPMorgan and Citi hit record quarterly results amid earnings season. Investors focus on tech and bank earnings as markets rally on Iran peace hopes.
Wells Fargo missed estimates in contrast.
Anthropic Attracts Investor Offers at $800 Billion Valuation
AI firm Anthropic is drawing investor offers at a massive $800 billion value, highlighting AI investment frenzy. Broadcom expanded its partnership with Meta for custom AI chips.
Corporate news also spotlights Meta in AI developments.
Bank of America and Morgan Stanley Set for Earnings
Bank of America and Morgan Stanley are due to report quarterly results ahead of the market open, continuing busy bank earnings week. This follows strong performances from peers like JPMorgan.
Focus remains on financial sector resilience amid geopolitics.
Broadcom Climbs on Expanded Meta AI Chip Partnership
Broadcom shares rose premarket after expanding its deal with Meta Platforms for more custom AI chips. This underscores ongoing AI hardware demand.
Chip sector benefits from AI boom similar to ASML.
London Stock Exchange CEO Highlights Biggest Deal Pipeline Since 2005
London Stock Exchange CEO notes the largest M&A deal pipeline since 2005, signaling corporate dealmaking resurgence. Optimism ties to market recovery post-war losses.
Investors eye tech and earnings amid this activity.
Commerzbank CEO Addresses UniCredit Takeover Talks
Commerzbank CEO discussed ongoing talks with UniCredit amid potential takeover interest. This reflects consolidation trends in European banking.
Earnings season provides backdrop for such developments.
Insurers See Client Cash Inflows Despite Skittish Retail
Insurers attracted net 30 billion in client cash in Q1 even as retail clients grew cautious. Sector remains resilient amid market volatility from Iran conflict.
Focus shifts to earnings and AI themes.
Softbank, SK Hynix, Samsung Drive Asia Tech Momentum
Asia tech giants like Softbank, SK Hynix, and Samsung buoyed regional markets with strong Q1 earnings. This supports handover gains in APAC up 1.3%.
AI and tech themes dominate investor focus.