Wrap Europe

Oil dips on Iran peace talk hopes, pulling back from 2026 highs. Geopolitics drive volatility.

Suncor Energy's Q1 earnings jump 24% on record production & sales. Shareholder returns hit $1.5B+ with buybacks up 30%.

China's RatingDog services PMI rose to 52.6 in April from 52.1 in March, with domestic demand driving a fortieth successive month of new order growth, while the composite PMI climbed to 53.1

PLTR slides 7% on slowing TCV growth despite strong revenue. Valuation remains high.

Australia to build A$10bn fuel reserve as Middle East crisis drives stockpile push Canberra is spending more than A$10bn to insulate Australia from the kind of energy shock the Middle East conflict has already begun to deliver.

PBOC sets USD/ CNY reference rate for today at 6.8562 (vs. estimate at 6.8160) China is reopening today after the extra long weekend

ANET beats earnings, raises guidance, but stock dips 10% on lofty 62x P/E valuation.