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Legrand Q1 Sales EUR 2.28 Billion
May 7 (Reuters) - Legrand SA LEGD.PA:Q1 SALES EUR 2.28 BILLION, +7.6% ORGANICALLY (COMPANY-COMPILED CONSENSUS: EUR 2.24 BILLION, +4.9% ORGANICALLY)Q1 ADJUSTED OPERATING PROFIT EUR 470.4 MILLION, (CONSENSUS: EUR 456 MILLION)Q1 NET PROFIT GROUP SHARE EUR 293.3 MILLIONOUTLOOK 2025: CONFIRMEDQ1 SALES IN...Reuters
Wed, May 7
Stocks
GLOBAL MARKETS-Stocks rise in tepid cheer for US-China talks
U.S.-China to discuss trade in SwitzerlandChina cuts interest rates, reserve requirementsHang Seng and U.S. futures climb, yuan slipsBy Tom Westbrook SINGAPORE, May 7 (Reuters) - U.S. stock futures bounced and the dollar rose on Wednesday on news of an upcoming meeting between top U.S. and Chines...Reuters
Wed, May 7
Technical Analysis
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday’s Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.
Fxstreet
Wed, May 7
Other
Ahold Delhaize Q1 Net Sales EUR 23.3 Bln VS Estimate EUR 23.05 Bln
May 7 (Reuters) - Koninklijke Ahold Delhaize NV AD.AS:REITERATES 2025 OUTLOOKQ1 DILUTED EPS EUR 0.62Q1 FREE CASH FLOW EUR 199 MILLIONQ1 NET SALES EUR 23.3 BILLION VERSUS COMPANY CONSENSUS EUR 23.05 BILLIONQ1 UNDERLYING OPERATING MARGIN 3.8% VERSUS COMPANY CONSENSUS 3.8%Q1 UNDERLYING OPERATING INCOM...Reuters
Wed, May 7
Other
Veolia To Buy 30% Stake In Water Technologies And Solutions For $1.75 Bln
May 7 (Reuters) - Veolia Environnement SA VIE.PA:AGREEMENT WITH CDPQ TO BUY ITS 30% STAKE IN WATER TECHNOLOGIES AND SOLUTIONSDEAL FOR $1.75 BILLIONSEES ABOUT EUR 90 MILLION ADDITIONAL COST SYNERGIES BY 2027 FROM DEALDEAL TO BE ACCRETIVE FROM 2026Reuters
Wed, May 7
Technical Analysis
GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision
The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour.
Fxstreet
Wed, May 7
Other
Obesity drugmaker Novo Nordisk cuts 2025 outlook, posts Q1 profit above forecast
COPENHAGEN, May 7 (Reuters) - Obesity drugmaker Novo Nordisk NOVOb.CO on Wednesday posted first-quarter operating profit above analyst forecasts and cut its operating profit and sales outlook for the year.PREVIEW-Novo Nordisk's stellar Wegovy-fuelled run of hiking sales guidance could be ending ...Reuters
Wed, May 7
Stocks
Australia's Althea rises on pharma asset sale, focus on North American operations
** Shares of Althea Group Holdings AGH.AX rise 13% to A$0.026, set for strongest trading session since mid-April, if gains hold ** The cannabis products maker to sell its pharmaceutical assets to private firm Tasmanian Botanics for A$1 million ($648,100)** Says divestment allows co to focus on cann...Reuters
Wed, May 7
Cryptocurrencies
Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating
Ethereum (ETH) seems to have extended its period of price stagnation, trading at $1,770 at the time of writing. The asset has dropped by 3% over the past week and 1.6% in the past 24 hours, continuing its broader corrective trend after reaching a cycle high of $4,107 in December 2024. Although price...NewsBTC
Wed, May 7
Other
Legrand outlines action plan to offset potential $200 million in tariff-related costs
By Anna Peverieri May 7 (Reuters) - French electrical and digital building infrastructure group Legrand LEGD.PA will hike prices, adjust supply chains and freeze spending to offset up to $200 million in costs from U.S. tariffs on Chinese imports, CEO Benoît Coquart told Reuters.Legrand now expect...Reuters
Wed, May 7
Other
BMW confirms 2025 outlook, expects some auto tariffs to be temporary
FRANKFURT, May 7 (Reuters) - German premium carmaker BMW BMWG.DE on Wednesday confirmed its 2025 outlook, saying it expected some of the tariffs that have been imposed on vehicle imports globally to be temporary and decline from July.The group said its 2025 outlook provided in March, which had facto...Reuters
Wed, May 7
Other
JGB yields track US peers higher as Japan reopens after holidays
TOKYO, May 7 (Reuters) - Japanese government bond yields rose on Wednesday, catching up with a climb in U.S. Treasury yields, as the local market reopened following a four-day weekend.The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.275% as of 0435 GMT, rising off a 3-1/2-week...
Reuters
Wed, May 7
Economic Indicator
WRAPUP 4-China injects 'tactical' monetary stimulus ahead of US trade meeting
China to cut interest rates on May 8, trim RRR on May 15Beijing enhances stock market support tools; shares jumpStimulus steps announced as U.S. and China set for trade talksBy Kevin Yao and Joe Cash BEIJING, May 7 (Reuters) - Chinese authorities announced on Wednesday a raft of stimulus measures...Reuters
Wed, May 7
Other
Egypt, Qatar mediate for Gaza Strip humanitarian relief
DUBAI, May 7 (Reuters) - Egypt and Qatar issued a joint statement on Wednesday affirming their ongoing mediation efforts to address a humanitarian crisis in the Gaza Strip.Egypt and Qatar said their efforts are closely coordinated with the United States to reach an agreement that ensures civilian pr...Reuters
Wed, May 7
Other
Aussiewood to Mel Gibson: save us from Trump's movie tariffs
Australian film industry calls on Mel Gibson, Trump's 'Hollywood' adviser, to save itTariffs could devastate Australia's A$1 billion Hollywood businessIndustry leaders warn of job losses, higher ticket pricesBy Christine Chen and Jorge Nieto SYDNEY/GOLD COAST, Australia, May 7 (Re...Reuters
Wed, May 7
Cryptocurrencies
Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon
Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again. ADA price started a recovery wave from the $0.6420 zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break above a connecting be...NewsBTC
Wed, May 7
Other
PRESS DIGEST-New York Times business news - May 7
May 7 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Social media giant Meta Platforms META.O said on Tuesday it has been awarded $168 million in damages from the Israeli spyware firm ...Reuters
Wed, May 7
Other
ALDI Signs Lease With CTP For Third Polish Distribution Centre
May 7 (Reuters) - CTP NV CTPNV.AS:ALDI SIGNS 43,000 SQM LEASE WITH CTP FOR THIRD POLISH DISTRIBUTION CENTRESIGNS 43,000 SQM LEASE WITH ALDI FOR POLISH WAREHOUSEALDI'S THIRD POLISH DISTRIBUTION CENTRE TO OPEN IN Q1 2026Reuters
Wed, May 7
Other
Siemens Healthineers posts revenue beat, but lowers floor of profit outlook
May 7 (Reuters) - German medical technology group Siemens Healthineers SHLG.DE posted second quarter revenue slightly above market expectations on Wednesday, but brought down the lower end of its annual earnings forecast due to trade barriers and increased tariffs.The company's revenue was 5.91 ...Reuters
Wed, May 7
