News

France, Germany and the Eurozone's April services PMI final values will be released in ten minutes.

Statoil CEO: It’s too early to talk about share buybacks and special dividends.

According to Israeli media: Sources said that the United States has informed Israel that Hamas refuses to disarm.

The UK 30-year government bond yield fell 5.9 basis points to 5.685%.

Central Bank of Azerbaijan: The average oil price is expected to be US$84.5 per barrel in 2026.

Spain’s comprehensive PMI in April was 48.7, compared with the previous value of 52.4.

Spain’s service PMI in April was 47.9, 52 expected, and the previous value 53.3.

German OTC baseload electricity prices for delivery tomorrow rose 12.8% to 136.50 euros/MWh.

French Foreign Minister: Putin’s troops withdrew 120 square kilometers in Ukraine in April for the first time in three years. The Russian economy is in crisis. It is long past time for the Kremlin to open its eyes to its own failures and end this unjustifiable and costly conflict.

French official: G7 countries will discuss securing critical mineral supply chains at a meeting on Wednesday.

Government of Iraq: New Prime Minister discusses security cooperation under Strategic Framework Agreement with U.S. Secretary of Defense.

Spanish Prime Minister Sanchez: We have asked the European Commission to launch a bill to prevent the United States from imposing sanctions on the International Criminal Court.

German Economy Minister: (On upcoming U.S. tariffs) The automotive industry is crucial and I hope we can solve this problem together with the United States.

UK gilt yields were down around 2-5 basis points across maturities in early trading.

The German DAX30 index opened on May 6 (Wednesday), rising 278.73 points, or 1.14%, to 24671.00 points;The British FTSE 100 index opened on May 6 (Wednesday), rising 119.56 points, or 1.17%, to 10338.67 points ;The FCHI index opened on May 6 (Wednesday), up 69.34 points, or 0.86%, to 8131.65 points;The European Stoxx 50 Index opened on May 6 (Wednesday), up 51.33 points, or 0.87%, to 5920.96 points; The Spanish IBEX35 index opened up 179.31 points, or 1.01%, at 17847.01 points on May 6 (Wednesday); The Italian FTSE MIB index opened at 49023.50 points, up 466.00 points, or 0.96%, on May 6 (Wednesday).

European stocks opened higher, with the British FTSE 100 index and the German DAX30 index rising by more than 1%, the FCHI index rising by 0.8%, and the European Stoxx 50 index rising by 0.8%.

At midday closing, the main domestic futures contracts rose more than fell. Shanghai tin rose by more than 8%, lithium carbonate rose by more than 7%, Shanghai Silver and European Container Line rose by more than 5%, caustic soda, palladium, and platinum rose by more than 4%, Shanghai nickel rose by more than 3%, and low-sulfur fuel oil (LU), iron ore, and soda ash rose by nearly 3%. In terms of decline, SC crude oil fell by more than 2%, and urea, corn, styrene, apples, beans, and starch fell by more than 1%.

JPMorgan Chase: Raised its price target on AMD (AMD.O) to $385 from $270.

BMW CFO: Import tariffs from the United States to the EU are expected to drop to 0% in the second half of the year.

BMW CFO: Tariffs on imports from Mexico and Canada to the United States are expected to be reduced in the second half of the year.