PRE-OPEN
Futures are higher after Trump again said a ceasefire was still holding, despite U.S.-Iran clashes and renewed attacks on the UAE. Markets also await domestic April employment data.
Canada
StatsCan is expected to report an addition of 15,000 jobs to the economy in April. Unemployment rate is forecast to remain unchanged at 6.7%.
Canada's oil sands have significant expansion potential but the basin's long-term growth outlook is dependent on the construction of a new crude export pipeline to the Pacific coast, the president of Canadian Natural Resources said.
Major auto trade groups on Thursday urged the Trump administration to extend a free trade deal with Mexico and Canada, saying it was crucial for U.S. vehicle production as North America faces competition from Asia and Europe.
Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces an operational update, our financial results for the three months ended March 31, 2026, and details for both our Q1 2026 earnings call and our upcoming annual general and special meeting.
All references herein to $ refer to United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.
President & CEO, Corey C. Ruttan commented:
"We delivered a strong start to 2026 with another record of quarterly sales at 3,128 boepd, driving funds flow from operations of $12.5 million. This performance underscores the quality of our asset base and our ability to fund organic growth while continuing to return significant capital to our shareholders.”
Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) announce that, following receipt of approval from the Canadian Securities Exchange (the "CSE"), it has completed the initial cash and share payments to Metallic Minerals Corp. (TSXV: MMG) (OTCQB: MMNGF) (FSE: 9MM1) ("Metallic") pursuant to the previously announced option agreement dated April 14, 2026 in respect of the McKay Hill property (the "Property"), located approximately 50 kilometres north of the Keno Hill silver district in Yukon, Canada.
The initial payments mark the first step in the Company's planned earn-in process to acquire a 100% interest in the Property. This is subject to the terms of the option agreement and approval from the Canadian Securities Exchange (the "CSE").
Jeff Stevens, Chief Executive Officer of the Company, states: "Completing the initial payment obligations marks an important step in advancing Argyle's Yukon silver-gold strategy. McKay Hill gives us exposure to a highly prospective, underexplored mineralized system located approximately 50 kilometers north of the world-class Keno Hill Silver District, in a broader central Yukon precious-metals region recognized for exceptional silver and gold endowment. Our team is actively designing a comprehensive 2026 exploration program, and we look forward to updating investors as those plans progress.”
Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) announce that it has closed the previously announced option agreement (the "Agreement") dated April 27, 2026 (the "Execution Date") with St-Georges Eco-Mining Corp ("St-Georges") (CSE: SX), and its wholly owned subsidiary Iceland Resources ehf ("IR"), to work collaboratively to define and execute a phased exploration program aimed at advancing the Thormodsdalur gold project ("Thor's Valley" or the "Project"), towards initial modern resource definition. Please see the Company's press release dated April 28, 2026 for further details on the Project and the Agreement.
Pursuant to the terms of the Agreement, Aurania issued to St. Georges 988,359 common shares (the "Shares") at a deemed price per Share of C$0.2068 for a total value of C$204,375 (US$150,000). The deemed price per Share is equal to the volume weighted average price of the Shares on each business day commencing on the Execution Date and ending on the last business day prior to the closing date of the Agreement. The Shares issued to St. Georges are subject to a hold period of four months and one day from the date of issuance.
To exercise the option to earn a 70% interest in the Project (the "First Option"), Aurania must incur exploration expenditures of US$5 million over four years.
Eastport Critical Metals Corp. (TSXV: EVI) (OTCQB: EVIIF) provide an operational update covering the period from which the Company completed its Qualifying Transaction and admission to the TSX Venture Exchange (the "TSX-V") on 20 November 2025 to present date.
"In less than 6 months of completing our listing on the TSX-V, the Eastport team have been and continue to operate at an accelerated pace as we progress our critical metal projects in Botswana.
This operational update today provides a consolidated overview of both our deliverables and future objectives. The current geo-political landscape and global financial markets are experiencing enormous waves of uncertainty, disruption and volatility… what is consistent is our dependency on energy and raw materials and the ever-changing de-globalised environment that the world now faces.
New discoveries and economic deposits are expected to become increasingly valuable in the current global environment, and Eastport's objective is to contribute via one or more of the critical metals projects we are progressing in Botswana. In order to do so, we believe that it is essential to maintain and build on our current momentum in these current metals markets where scale and advancement are increasingly rewarded.”
Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) announce the closing of the second tranche of the Company's previously announced brokered private placement financing with Ventum Financial Corp., as agent and sole bookrunner. Further to its press releases on February 18, 2026 and March 27, 2026, the Company has issued an aggregate of 5,313,000 flow-through units (the "FT Units") that intend to qualify as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"), at a price of $0.50 per Unit for aggregate gross proceeds of $2,656,500 (the "Offering"). Together with the first tranche, the Offering was completed for aggregate gross proceeds of $6,000,000.
Each FT Unit consists of one common share issued on a "flow-through" basis and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to purchase one common share of the Company (a "Warrant Share") for a period of 3 years expiring May 7, 2029 at an exercise price of $0.70 per Warrant Share. The securities comprising the FT Units are subject to a statutory hold period of four months.
Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) announces the results from the Annual General and Special Meeting ("AGM") held on May 7, 2026, in Vancouver, British Columbia. The Company's shareholders approved the re-election of all Directors and the appointment of Davidson & Company LLP as the Company's auditors. The following were re-elected as Directors: Colin Padget, Nicholas Stajduhar, Christopher Taylor, Barry Macdonald and Vijay Kirpalani.
In addition, shareholders approved the Company's new Omnibus Long-Term Incentive Plan (the "Omnibus Plan") to replace the Company's existing stock option plan and restricted share unit plan. The Omnibus Plan received approval by the board of directors of the Company on April 6, 2026 and conditional approval by the TSX Venture Exchange (the "TSXV") on March 31, 2026.
GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS)announce that, due to strong investor demand, it has increased the size of its previously announced flow-through non-brokered financing to gross proceeds of up to $1,200,000 (the "Offering").
The additional capital further strengthens the Company's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia and is expected to support an expanded drill campaign targeting a large-scale, multi-phase mineral system with significant silver and critical metals exposure.
"The level of investor interest reflects growing recognition of the opportunity at Magno," said Rob Birmingham, CEO of GoldHaven. "With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential."
"In addition, with the recently announced LIFE offering, we see a clear path to further expanding our drill program as the year progresses.”
HYTN Innovations Inc. (CSE: HYTN, FSE: 85W0, OTC Pink: HYTNF) a pharmaceutical manufacturer specializing in products containing psychoactive and psychotropic compounds, is pleased to announce that its Health Canada Drug Establishment Licence (DEL) has been amended following a comprehensive Good Manufacturing Practices (GMP) inspection of its Kelowna, British Columbia Facility.
Under the amended licence, issued by Health Canada, HYTN is now authorized to fabricate, package, and label non-sterile Active Pharmaceutical Ingredients (API) in both solid and non-solid forms, and adds Pharmaceutical Oil as an authorized finished dosage form. The updated scope of the license expands the Company's GMP manufacturing activities and supports its ability to service both pharmaceutical and cannabinoid supply chains subject to applicable product-specific, customer-specific, import, release, and jurisdictional requirements.
The Company notes that the amended licence, together with its previously announced Cannabis Drug Licence, Cannabis Processing Licence, and expanded DEL dosage form authorizations, permits additional regulated manufacturing activities at HYTN's Kelowna facility. These activities may support HYTN's participation in regulated drug-development and pharmaceutical manufacturing programs involving cannabinoid-derived inputs and finished dosage forms, where applicable product-specific, customer-specific, import, release, drug control, and jurisdictional requirements are satisfied. The amendment represents a progression from manufacturing cannabis products to GMP specifications toward additional pharmaceutical manufacturing activities authorized under the DEL.
Maxus Mining Inc. (CSE: MAXM | OTCQB: MXMGF | FRA: R7V) outline its planned 2026 exploration program (the "Program") at the Alturas West Project ("Alturas West" or the "Project"), located in British Columbia, Canada (Please see Figure 1).
The 2026 Program at Alturas West is designed to systematically advance high-priority targets through a combination of drilling, surface exploration, and early-stage metallurgical evaluation (Please see Figure 2). In parallel, the Company is undertaking a regional airborne geophysical program to support targeting across the Project.
"We are excited to advance Alturas West through a focused and disciplined exploration program in 2026," commented Scott Walters, Chief Executive Officer of Maxus Mining. "With the addition of airborne geophysical surveys across our portfolio, we are strengthening our targeting pipeline and improving our ability to prioritize high-quality drill targets. At Alturas West, integrating geophysics with surface work, drilling, and early-stage metallurgical testing is a key step toward fast-tracking the Project toward development. By advancing metallurgical understanding early, we aim to accelerate the potential pathway to production and contribute to establishing a secure, domestic antimony supply for North America."
Metallic Minerals Corp. (TSXV: MMG)(OTCQB:MMNGF)(FSE:9MM1) announce that it has entered into an option agreement (the "Agreement") with Argyle Resources Corp. ("Argyle"), pursuant to which Argyle may earn a 100% interest in the Company's McKay Hill property (the "Property"), located 50 kilometers north of the Keno Hill Silver District, Yukon. Total consideration under the option is $2.25 million, consisting of cash payments, common shares and exploration expenditures on the property.
"We are pleased to enter into this agreement with Argyle, which provides dedicated capital to advance McKay Hill while allowing Metallic to retain meaningful upside through equity participation and royalties," stated Greg Johnson, Chairman and CEO of Metallic Minerals. "This transaction supports our strategy of focusing capital and management effort on our core high-grade Keno Silver and La Plata projects while unlocking value from non-core assets. McKay Hill hosts multiple kilometer-scale targets with strong silver-gold polymetallic potential in a region with a long history of significant silver and gold production."
Terms of the Argyle McKay Hill Option Agreement
Under the terms of the Agreement, Argyle may earn a 100% interest in the Property over a three-year period by completing a combination of cash payments, common share issuances, and exploration expenditures to Metallic, View the original press release on ACCESS Newswire
Pasinex Resources Limited (CSE: PSE)(FSE:PNX) announce that it has closed its over-subscribed non-brokered private placement of units ("Units") previously announced on February 23, 2026, for aggregate gross proceeds of C$2,014,880 (the "Offering"), including the closing of its second and final tranche for gross proceeds of C$401,880.
Securities issued: 4,247,616 Units at C$0.10 per Unit, for gross cash proceeds of C$401,880, including 228,816 Units issued as non-cash finder's fees subject to applicable securities laws. Each Unit consists of one common share and one-half (1/2) warrant, with each whole warrant exercisable at $0.15 per common share for 24 months.
Hold period: All securities issued under the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable Canadian securities laws. View the original press release on ACCESS Newswire
Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) a globally expanding renewable energy company, is pleased to announce the launch of a new franchise territory in Campbell River and Nanaimo, British Columbia, expanding its presence across Vancouver Island.
The territory will be owned and operated by Jeremy Sellors and will conduct business under Phoenix Renewables, delivering residential and commercial solar solutions across the North Island region. As part of its local market launch, the new franchisee will be attending the upcoming Parksville Spring Home Show from May 8-10, 2026 at Oceanside Place Arena, providing an opportunity for homeowners and businesses from across Nanaimo, Parksville, Campbell River, and surrounding Vancouver Island communities to meet the team and learn more about solar solutions in the region.
"Expanding our presence across Vancouver Island is another step in scaling our platform in high-demand markets," said Mark Tadros, CEO of Stardust Solar.
Jeremy Sellors, new owner of the Campbell River and Nanaimo franchise, added: "We are excited to bring Stardust Solar's platform to the Vancouver Island region. As demand for energy independence and cost stability continues to grow, solar is becoming a critical solution for homes and businesses, and we are proud to support that transition across our communities.”
ECONOMIC DATA 0830 Average hourly wages permanent employee YY for April: Prior 5.10% 0830 Employment change for April: Expected 15,000; Prior 14,100 0830 Unemployment rate for April: Expected 6.7%; Prior 6.7% 0830 Full time employment change SA for April: Prior -1,100 0830 Part time employment change SA for April: Prior 15,200 0830 Participation Rate for April: Prior 64.9%
COMPANY EARNINGS Algonquin Power & Utilities Corp: Expected Q1 earnings of 12 cents per share Emera Inc: Expected Q1 earnings of C$1.15 per share Enbridge Inc: Expected Q1 earnings of 94 Canadian cents per share NGEx Minerals Ltd: Expected Q1 loss of 19 Canadian cents per share Orla Mining Ltd: Expected Q1 earnings of 39 cents per share
World Markets
Euro STOXX 50 futures were down 52 points at 5,896, FTSE futures lost 73 points to 10,216.5, German DAX futures dropped 216 points to 24,530, by 0430 GMT.
Japan's Nikkei share average pulled back from a record high set in the last session, as SoftBank Group fell and renewed U.S.-Iran hostilities weighed on investor sentiment.
Oil prices rose after renewed fighting broke out between the U.S. and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of the Strait of Hormuz, a key transit route for oil and liquefied natural gas.
The S&P 500 ended the day lower, with Intel and other chip stocks retreating after a recent rally, while uncertainty around U.S.-Iran peace talks weighed on the wider market.
The dollar started Asian session on a firm footing against most major currencies after renewed hostilities broke out between the U.S. and Iran, while the Japanese yen held largely steady following fresh verbal jawboning from Tokyo.
U.S. Treasury yields advanced in choppy trading on Thursday, reversing earlier declines, as oil prices turned positive after a report said Iran would not allow the U.S. to reopen the Strait of Hormuz with an "unrealistic plan.”
Gold rose on easing fears of inflation and higher interest rates, as investors remained optimistic about a U.S.-Iran peace deal despite renewed attacks.
S&P 500 Index Mini Futures: 7,377.50; up 0.2%; 14.5 points DJIA Mini Futures: 49,744; up 0.09%; 44 points Nikkei: 62,491.74; down 0.54%; 342.1 points MSCI Asia, Ex-JP: 875.40; down 1.31%; 11.63 points EUR/USD: $1.1734; up 0.07%; 0.0008 point GBP/USD: $1.3564; up 0.08%; 0.0011 point USD/JPY: 156.88 yen; down 0.04%; 0.06 point Spot Gold: $4,710.91; up 0.55%; $25.73 U.S. Crude: $96.19; up 1.46%; $1.38 Brent Crude: $101.62; up 1.56%; $1.56 10-Yr U.S. Treasury Yield: 4.3902%; down 0.004 point 10-Yr Bund Yield: 3.0120%; up 0.014 point
US
U.S. stock index futures rose as a recovery in chipmakers helped offset worries about renewed U.S.-Iran tensions, while investors looked ahead to a crucial employment report.
Amazon.com Inc: The company’s cloud unit reported an outage at one of its data center zones in northern Virginia on Thursday, while derivatives marketplace CME Group and cryptocurrency exchange Coinbase said there were issues with their trading platforms. It was not immediately clear if the issues at AWS and CME were related. Coinbase, however, said problems with its platform were caused by the AWS outage. AWS said its issue stemmed from increased temperatures within a single data center and it was observing early signs of recovery, as it was able to get additional cooling system capacity online.
Apple Inc & Meta Platforms Inc: The tech giants have publicly opposed a Canadian bill that the companies say could require them to break the encryption of their devices and services if passed. Bill C-22 was proposed by Canada's ruling Liberal Party, which gained a parliamentary majority last month and is currently being debated in the House of Commons. Canadian law enforcement officials say the bill would help them investigate security threats earlier and act more quickly. The Canadian bill contains provisions that, depending on how they are implemented, could be similar to a UK data access provision order sent to Apple last year. That order prompted Apple to withdraw a feature allowing users to store data in its cloud with end-to-end encryption.
Block Inc: The Jack Dorsey-led company raised its full-year outlook on Thursday as the payments firm benefited from resilient consumer spending and strong growth in its core businesses. The Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared with its previous forecast of $12.20 billion. "Cash App was the standout this quarter. We also like the ongoing improvement in Block's profitability. Importantly, last quarter's significant reduction in the workforce does not appear to be weighing on Block in terms of its ability to execute," Seaport Research analyst Jeff Cantwell said.
Cloudflare Inc: The company said on Thursday it would cut about 20% of its workforce as the company restructures operations around the rapid adoption of artificial intelligence tools, and forecast second-quarter revenue slightly below Wall Street expectations. The internet infrastructure and cybersecurity company plans to cut more than 1,100 jobs globally. It had 5,156 full-time employees at the end of 2025, and expects charges between $140 million and $150 million associated with the job cuts in the second quarter.
Coinbase Global Inc: The cryptocurrency exchange on Thursday recorded a second-consecutive quarter of losses, as a crypto-driven market volatility sapped the company's trading volumes during a period of broad digital-asset selloff. Trading volumes on digital-asset exchanges softened at the start of 2026, as waning momentum in crypto prices, tighter financial conditions and lingering macroeconomic uncertainty dampened appetite for risk, triggering a pullback following a rally to record highs in October last year. The company reported a net loss of $394.1 million, or $1.49 per share, for the quarter ended March 31, compared to a profit of $65.6 million, or 24 cents per share, a year earlier.
CoreWeave Inc: The company raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components. Demand for services from the so-called neoclouds, such as CoreWeave and Nebius, has skyrocketed as tech companies seek the hardware and cloud capacity needed for AI technologies. CoreWeave lifted the lower end of its 2026 capital expenditure to $31 billion from $30 billion while keeping the upper range unchanged at $35 billion. "We are on a fantastic ramp through the balance of this year into 2027 - that's why the market takes me up or down on any given day is sort of what the market does," CoreWeave CEO Michael Intrator told Reuters in an interview. "It's not what I'm doing, right? What I'm doing is I'm building a company."
Corning Inc: Nvidia has paid several billion dollars to help fund new factories for glassmaker Corning in addition to taking an equity stake of up to $3.2 billion disclosed earlier this week, the CEOs of the two companies confirmed on Thursday. Nvidia CEO Jensen Huang said the AI chip supplier has made "a multi-billion-dollar prepayment" that was not disclosed when it announced an equity investment earlier this week in Corning, whose glass is used in the fiber-optic cables that connect computers in massive data centers. He spoke on CNBC in a joint interview with Corning CEO Wendell Weeks.
Devon Energy Corp: The oil and gas producer said on Thursday its board had approved an $8 billion share repurchase program, a week after activist investor Kimmeridge called for higher shareholder returns. Last week, Kimmeridge, a well-known activist investor in the energy sector, urged Devon's incoming board to swiftly pursue asset sales, improve capital allocation and revamp executive pay to boost shareholder returns once its $58 billion merger with Coterra Energy closes. The all-stock merger with Coterra closed earlier on Thursday. Devon said the share repurchase program represents nearly 15% of its combined market capitalization. CEO Clay Gaspar said the company would be active and opportunistic in its buyback program.
ExxonMobil Corp: The company has appointed Koh Tze San as chairman of ExxonMobil China effective from this month as the U.S. oil major adjusts its regional management structure, according to a company announcement. Koh, who will continue to serve as president of ExxonMobil China Gas, succeeds Jean-Marc Taton, who has been appointed chairman of ExxonMobil Asia Pacific in Singapore, according to a post published on ExxonMobil China's official WeChat account.
Gilead Sciences Inc: The company posted a higher-than-expected first-quarter profit on Thursday and raised its outlook for 2026 sales, but projected an annual loss due to charges and financing costs related to recent acquisitions. The drugmaker raised its estimate for 2026 sales of HIV prevention drug Yeztugo, which was launched in the U.S. last year, to $1 billion from a previous $800 million. First-quarter sales of the injected drug totaled $166 million, beating the $143 million forecast by Wall Street, according to LSEG-compiled data. Gilead raised its overall 2026 sales outlook by $400 million to a range of $30 billion to $30.4 billion. It now expects annual adjusted loss of $0.65 to $1.05 a share, a turnaround from previous profit estimate of $8.45 to $8.85, due to deals to acquire cell therapy company Arcellx, autoimmune drug developer Ouro Medicines and cancer drug developer Tubulis.
IREN Ltd: Nvidia will invest up to $2.1 billion in data center operator IREN, as part of a broader deal to deploy up to 5 gigawatts of infrastructure to keep up with soaring artificial intelligence demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech firms funnel billions to secure capacity. IREN has issued to Nvidia a five-year right to buy up to 30 million shares at an exercise price of $70 per share. Thursday's partnership is intended to accelerate the deployment of large-scale AI factories by combining Nvidia's factory architecture with IREN's infrastructure operations, the companies said.
Lyft Inc: The company forecast second-quarter gross bookings and adjusted core profit above Wall Street estimates on Thursday, even as first-quarter ride volumes fell short of expectations due to severe winter storms in the United States. "Lyft's share price has been waning for months and there is little excitement about the stock. Although its current financials are improving, investors are growing more concerned about the future," said Andrew Rocco, stock strategist at Zacks Investment Research. Lyft reported 236.9 million rides in the first quarter, below Visible Alpha estimates of 242 million, after winter storms reduced demand by more than 3 million rides during the quarter.
Odyssey Therapeutics Inc: The biopharmaceutical company has raised $279 million in its upsized U.S. initial public offering, the company said on Thursday. The Boston-based company sold 15.5 million shares at $18 apiece, compared with its marketed range of $16 to $18 per share. Odyssey focuses on developing treatments for autoimmune and inflammatory diseases. Its treatment, OD-001, is in a mid-stage trial for ulcerative colitis, one of the two main types of inflammatory bowel disease. The company plans to use the proceeds primarily for clinical development of OD‑001 and for other general corporate purposes.
ECONOMIC DATA 0830 Non-farm payrolls for April: Expected 62,000; Prior 178,000 0830 Private payrolls for April: Expected 75,000; Prior 186,000 0830 Manufacturing payrolls for April: Expected 5,000; Prior 15,000 0830 Government payrolls for April: Prior -8,000 0830 Unemployment rate for April: Expected 4.3%; Prior 4.3% 0830 Average earnings MM for April: Expected 0.3%; Prior 0.2% 0830 Average earnings YY for April: Expected 3.8%; Prior 3.5% 0830 Average workweek hours for April: Expected 34.2 hrs; Prior 34.2 hrs 0830 Labor force participation for April: Prior 61.9% 0830 U6 underemployment for April: Prior 8.0% 1000 U Mich Sentiment Preliminary for May: Expected 49.5; Prior 49.8 1000 U Mich Conditions Preliminary for May: Expected 52.0; Prior 52.5 1000 U Mich Expectations Preliminary for May: Expected 48.1; Prior 48.1 1000 U Mich 1-year inflation preliminary for May: Prior 4.7% 1000 U Mich 5-year inflation preliminary for May: Prior 3.5% 1000 Wholesale inventory, R MM for March: Expected 1.4%; Prior 1.4% 1000 Wholesale sales MM for March: Prior 2.7%
Europe / Asia
The U.S. and Iran exchanged fire on Thursday in the most serious test yet of their month-long ceasefire, but Iran said the situation returned to normal while the U.S. said it did not want to escalate.
British Prime Minister Keir Starmer suffered heavy early losses in elections, showing the depth of voter anger with his government and raising fresh doubts about his future just two years after a landslide general election victory.
A U.S. trade court dealt another blow to Trump's tariff strategy, ruling that his latest 10% temporary global duties are unjustified under a 1970s trade law, but blocked the levies only for two private importers and the State of Washington.
Airbus said it delivered fewer aircraft in the year to April than in the same period a year earlier, underscoring the pressure on the European planemaker to accelerate handovers to airlines.
Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, prompting it to raise the dividend by 5%.
German defence group Rheinmetall has entered the race to buy shipyard German Naval Yards Kiel with a non-binding bid, a move that would deepen its push into naval defence and pits it against rival warship maker Thyssenkrupp Marine Systems.
Autoliv Inc: The Swedish car safety gear maker will wind down its manufacturing operations in Turkey, pending a full closure in 2028, as it scales down capacity in response to a global industry slowdown. Autoliv's production in Turkey employs 2,200 people, about 4% of its global workforce, in the manufacture of parts, including steering wheels, airbags and seatbelts. The production will be transferred to the company's other facilities in the Europe and Middle East region, the company said. "The automotive industry is experiencing structural shifts and unprecedented transformation on a global scale," Autoliv said. "Management has determined that manufacturing capacity in the EMEA region exceeds future demand.”
ECONOMIC DATA (GMT) 0600 Germany Industrial Output MM for March: Expected 0.5%; Prior -0.3% 0600 Germany Industrial Production YY SA for March: Prior 0.00% 0600 Germany Exports MM SA for March: Expected -1.7%; Prior 3.6% 0600 Germany Imports MM SA for March: Expected 0.8%; Prior 4.7% 0600 Germany Trade Balance SA for March: Expected 18.4 bln EUR; Prior 19.8 bln EUR 0600 United Kingdom Halifax House Prices MM for April: Expected -0.1%; Prior -0.5% 0600 United Kingdom Halifax House Prices YY for April: Expected 0.6%; Prior 0.8%
