Explore

European shares soar to two-week high on Mideast deal optimism; earnings in focus

European shares soar to two-week high on Mideast deal optimism; earnings in focus

By Twesha Dikshit May 6 (Reuters) - European shares advanced to a two-week high on Wednesday, with oil prices dropping and investor optimism rising after U.S. President Donald Trump cited "great progress" toward a comprehensive peace agreement with Iran.

Lufthansa Q1 loss narrows, keeps 2026 outlook despite $2 billion fuel hit

Lufthansa Q1 loss narrows, keeps 2026 outlook despite $2 billion fuel hit

LONDON/BERLIN, May 6 (Reuters) - Lufthansa reported better-than-expected first-quarter results on Wednesday and maintained its outlook for the year as strategic hedging helped the airline sidestep the impact of a war-driven rise in jet fuel prices, while labour disruptions were kept largely under

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

SAO PAULO, May 5 (Reuters) - LATAM Airlines slashed its 2026 core earnings forecast on Tuesday, as higher jet fuel prices driven by the conflict in the Middle East significantly increased costs despite mitigation measures.

European shares pause as markets watch Mideast peace prospects; earnings on tap

European shares pause as markets watch Mideast peace prospects; earnings on tap

May 7 (Reuters) - European shares were steady on Thursday, after a sharp rally in the previous session, with investors holding on to optimism that a U.S.-Iran peace deal was close, while parsing through corporate results. The pan-European STOXX 600 was muted at 623.56 points, as of 0703 GMT.

Maersk first-quarter profit beats forecasts, keeps outlook unchanged

Maersk first-quarter profit beats forecasts, keeps outlook unchanged

COPENHAGEN, May 7 (Reuters) - Shipping group Maersk posted first-quarter operating profits slightly above analyst forecasts on Thursday and kept its full-year earnings guidance unchanged.

Oil prices fall a second day as Trump indicates possible Iran peace deal

Oil prices fall a second day as Trump indicates possible Iran peace deal

By Helen Clark MELBOURNE, May 6 (Reuters) - Oil prices fell for a second day on Wednesday on expectations bottled up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran.

UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.

Jewellery brand Pandora beats first-quarter expectations despite weak U.S

LONDON, May 6 (Reuters) - Jewellery brand Pandora beat first-quarter revenue expectations on Wednesday despite a 2% drop in comparable sales in North America, as new CEO Berta de Pablos-Barbier grapples with weak consumer sentiment in the U.S. and Europe amid the Iran war.

Iran says it wants a 'comprehensive agreement' with US

Iran says it wants a 'comprehensive agreement' with US

May 6 (Reuters) - Iran will only accept "a fair and comprehensive agreement" in its negotiations with the U.S. on ending the war in the Middle East, its foreign minister said on Wednesday, as President Donald Trump cited "great progress" in the process.

Trading Day: A peace wish and chips

Trading Day: A peace wish and chips

By Jamie McGeever ORLANDO, Florida, May 6 (Reuters) - Hopes that a U.S.-Iran peace deal might be imminent propelled global stocks to new highs and sent oil prices tumbling on Wednesday, with the U.S. AI frenzy intensifying on strong earnings and reports of mega spending commitments in the sector.

Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

By Anushree Mukherjee May 5 (Reuters) - Oil prices eased on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area.

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

By Andrea Shalal WASHINGTON, May 4 (Reuters) - The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a "much worse outcome" if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel.