Reuters Before the Bell: World stocks eke out gains ahead of ECB meeting

Click to View in Browser Wednesday, April 10, 2019 World stocks eke out gains ahead of ECB meeting World stocks inched up on Wednesday but were still below the six-month high they reached earlier this week as the prospect of the European Central Bank issuing fresh multi-year loans to banks helped offset concerns about U.S. President Donald Trump threatening more tariffs against the European Union. Delta Air Lines forecasts upbeat second quarter, shares rise 3 percent Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second quarter and reported a better-than-expected quarterly profit, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. Crown shares tumble after Wynn cancels $7.1 billion casino takeover Shares in Australia's Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd quit discussions for a A$10 billion ($7.1 billion) buyout, although some investors appeared to be hoping for a change of heart. Russian investigators call for U.S. investor to be let out of jail Russian investigators have asked a court in Moscow to free detained U.S. investor Michael Calvey from custody at a hearing later this week and to place him under house arrest instead, the court said on Wednesday. U.S. charges pummel drugmaker Indivior, hurt Reckitt Indivior Plc lost 75 percent of its stock market value on Wednesday and former parent Reckitt Benckiser also fell after the U.S. Justice Department accused the British drugmaker of illegally boosting prescriptions for its blockbuster opioid addiction treatment. Oil up on tight supply, but economic slowdown weighs Oil prices rose on Wednesday back toward five-month highs hit the previous day as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, though economic worries increased. Reckitt plays down Indivior risk to infant formula business Reckitt Benckiser Group on Wednesday sought to play down any potential impact to its infant formula business from U.S. litigation against Indivior, which it used to own, saying the risk was theoretical and unlikely. Tech in driver's seat as S&P 500 flirts with record Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December's sell-off that stirred fear of an end to a decade-long bull market. U.S. bank CEOs face off with Congress for the first time since financial crisis Chief executives of some of the largest U.S. banks will testify before Congress on Wednesday, giving lawmakers their first opportunity to grill the lenders since the 2007-2009 financial crisis. Aramco's new bonds inch up in early trade: sources Saudi Aramco's newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said. Related Video Crown shares tumble after Wynn cancels $7.1 bln casino takeover Cinemas v. streaming: Drawing the battle lines Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook