Corporate results:

  • Allianz posted higher first-half net income.
  • Antofagasta improved its results.
  • Deliveroo raised its earnings forecasts despite a drop in orders.
  • Deutsche Telekom again slightly raised its forecast for 2023.
  • Generali exceeded consensus in first-half thanks to non-life segment.
  • Grenke lowered its forecasts.
  • Hapag-Lloyd notes an increase in recent demand and a recovery in freight.
  • KBC improves interim results and confirms forecasts.
  • MorphoSys reduced losses more than expected.
  • Novo Nordisk raised its full-year forecasts, due to booming demand for its slimming drug Wegovy.
  • Illumina cut its forecasts due to persistent financing problems in the biotech sector.
  • ISS posted stronger-than-expected second-quarter growth, but France suffers.
  • Siemens AG returned to profit in third quarter.
  • Sony down in Tokyo after poorly received results.
  • ThyssenKrupp targets the upper end of its operating profit guidance range.
  • Walt Disney shares advanced by 1.9% before the opening, as the company posted third-quarter sales of $22.33 billion, below consensus of $22.5 billion. However, the group said it was focusing on cost reductions.
  • Alibaba was up 3.8% before the opening. The group reported a first-quarter operating margin of 18%.
  • Manulife Financial advanced 3.5% after the close, as Canada's largest insurer reported better-than-expected quarterly earnings, fueled by strong insurance sales in Asia.

In other news:

  • Tapestry, the owner of Coach, is close to concluding an agreement to buy Capri Holdings, the owner of Michael Kors, reported the Wall Street Journal.
  • Italian banks rallied on Tuesday, following the Meloni government's decision to cap the tax on their "excess profits".
  • The US Supreme Court grants a reprieve to Apple's App Store payment rules, while Epic sought immediate enforcement of the ruling won on appeal.
  • Ahold Delhaize still plans to float its Bol.com subsidiary on the stock exchange.
  • KKR - An agreement between the fund and the Italian Treasury for a bid for Telecom Italia's landline network could be reached soon, according to sources close to the matter.
  • Meta adds new features to Threads after more than half of users quit the application.
  • Saipem wins $1 billion gas services contract in offshore Libya.
  • Eli Lilly completes acquisition of DICE Therapeutics (USD 48 per share).
  • Regeneron Pharmaceuticals to acquire Decibel Therapeutics at USD 4 per share.
  • Roche's lung cancer drug receives US FDA approval.
  • Rheinmetall confirms purchase of 30 battle tanks to support Ukraine.
  • RWE quadruples its investments to €9 billion in H1, including €6.3 billion for the acquisition of US-based Consolidated Edison's renewable energy business.
  • Chinese household appliance manufacturer Midea considers listing in Hong Kong.
  • Verizon raises prices again.
  • Dissenting GAM shareholders withdraw their proposals from the AGM.
  • Chevron and Woodside in talks to avoid strikes at Australian LNG facilities.
  • American Airlines credit rating upgraded to B1 from B2, with stable outlook by Moody's.
  • Ontex to sell its Algerian operations to Hygianis.
  • CVC Capital Partners plans to float German perfume and cosmetics retailer Douglas, based on a valuation of €7 billion, according to several sources.

Today's main earnings reports: Alibaba, Tokyo Electron, The Trade Desk, Rheinmetall, Unipolsai, ThyssenKrupp, HelloFresh, Unipol, ISS, CompuGroup... The whole earnings calendar is here.