Can the FTSE 100 remain above 8,000 points?
Earnings expected on Thursday include those from Caterpillar, American Airlines, Microsoft, Alphabet, and Intel.
BHP Group
London-listed miner Anglo American has received an all-share buyout proposal from BHP Group. It would create the world's biggest copper miner, churning out around 10% of global output. The deal would give BHP access to more copper, one of the most sought-after metals for the clean energy transition, and potash, which are its key strategic commodities, as well as more coking coal in Australia.
AstraZeneca
Investors digested a flurry of earnings reports in the UK. AstraZeneca total revenue rose 19% to $12,679 million and unveiled a core earnings per share (EPS) increase of 13%. Barclays delivered a profit before tax of £2,277 million and a net interest income of £1.55 billion, down 4%. Sainsbury's forecast strong profit growth in its new financial year, as it reported a 1.6% rise for the past year, above company guidance. Unilever, Travis Perkins, and Persimmon also published quarterly trading statements.
Deutsche Bank
Elsewhere in Europe, Deutsche Bank posted a better-than-expected 10% increase in profit for the first quarter. BNP Paribas beat earnings and revenue forecasts, supported by a strong performance in its corporate banking business. Sanofi operating profit fell 14.7% in Q1 due to unfavourable currency effects and increased competition from cheaper generic drugs.
Meta
Over in the US, Meta Platforms saw its shares down heavily after revenue forecasts disappointed and it ramped up investment in AI technology. It posted earnings per share of $4.71 per share on revenue of $36.46 billion.
IBM
IBM shares sank more than 8% last night after its first-quarter revenue fell short and the company confirmed its acquisition of cloud software maker HashiCorp. The group posted earnings per share of $1.68 on revenue of $14.46 billion.
US Earnings
Earnings expected on Thursday include those from Caterpillar, American Airlines, Microsoft, Alphabet, and Intel.
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