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Investors will have to navigate a week full of potential risks events over the next seven days, not the least the U.S. central bank's policy meeting on Wednesday and the April U.S. non-farm payrolls report two days later.
Shares in Southwest Airlines plummeted on Thursday after the carrier announced plans to pull out of four airports to improve its financial performance, as it reported a wider-than-expected loss for the first quarter and trimmed its annual guidance.
US stocks fell sharply on Thursday after data confirmed the stickiness of inflation in the first quarter despite a drop in economic growth which pushed bond yields to their highest in six months.
Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products. The company said its revenues had risen to $61.9 billion, up by 17 per cent and exceeding the $60.8 billion, or 15 per cent rise, that had been forecast. Its net income was $21.9 billion, up by 20% from the year before. - The Times
UK stocks are expected hit more record highs on Friday as investors continued to digest another round of corporate earnings ahead of some crucial economic data from the US later on.