News

The EU's top court upheld the decision to revoke Lufthansa's state aid approval.

Market News: The U.S. Senate received enough votes to pass a fiscal year 2026 budget resolution, a $70 billion plan to fund Immigration and Customs Enforcement and Border Patrol agencies over the next three years, and voting continues.

Czech Industry Minister: We are discussing the possibility of obtaining fuel supplies from the Slovnaft refinery in Slovakia if the supply of refined products from Germany is reduced due to the suspension of flow on the Northern Druzhba Pipeline.

The preliminary value of Germany's service industry PMI in April was 46.9, which was expected to be 50.4 and the previous value was 50.9.

The initial value of the German manufacturing PMI in April was 51.2, which was expected to be 51.4 and the previous value was 52.2.

Germany's initial comprehensive PMI value in April was 48.3, expected 51.2, and the previous value was 51.9.

L'Oréal's European stock gains accelerated early in the session and is expected to hit its biggest single-day gain since November 2008.

The initial value of the French manufacturing PMI in April was 52.8, compared with the expected 49.5 and the previous value of 50.

France's initial service PMI value in April was 46.5, which was expected to be 48.5 and the previous value was 48.8.

France's preliminary comprehensive PMI value for April was 47.6, expected 48.6, and the previous value 48.8.

NHTSA: Jaguar Land Rover North America LLC is recalling 170,169 U.S. vehicles because loss of power increases the risk of a crash.

France's April INSEE business confidence index was 94, compared with the expected 96 and the previous value of 97.

Ukrainian President Zelensky: We have signed three important security documents with Middle Eastern countries - drone deals with Saudi Arabia, Qatar and the United Arab Emirates. This will translate into multiple contracts with the Ukrainian private and public sectors. We will continue to build such partnerships with other countries. I think all of this needs to be shared with America as well. We are very grateful for the support of the United States.

The UK Debt Office plans to sell 246.2 billion pounds of national debt in 2026-27.

MORGAN STANLEY RAISES IBM TARGET PRICE TO $225 FROM $215

NI225 closed down 445.63 points on April 23 (Thursday), or 0.75%, to 59140.23 points.

Ukrainian President Zelensky: I think any pause in the war is good because casualties can be avoided. I don’t know how much Russia stands to gain from easing sanctions, and that worries me.

Australia's S&P/ASX200 index closed down 59.10 points, or 0.67%, on Thursday, April 23, at 8784.50 points.

EVERCORE ISI CUTS IBM TARGET PRICE TO $310 FROM $345

Investment bank Evercore ISI: lowered the target price of IBM (IBM.N) to $310 from $345.