Indices erase April losses

In recent weeks, global stock markets have continued to rise, with the main American and European indices now close to or even above the levels recorded before the sell-off triggered by Donald Trump's announcement of "reciprocal tariffs". While further developments in terms of trade policy are awaited, the market's focus has been on earnings season.

In the U.S., Uber's revenue grew 14% to $11.53 billion in the first quarter, below the $11.62 billion expected, due to weak demand for rides in the U.S. As a result, revenue from its ride-hailing segment posted its slowest growth since the pandemic, at 15%, while revenue from its home delivery unit grew 18%.

Disney's quarterly results beat expectations, driven by a 61% increase in profits from its entertainment unit and higher attendance at its theme parks. In the first quarter, revenue grew 7% to $23.6 billion and operating profit reached $4.4 billion. Disney announced plans for a theme park in Abu Dhabi. Uber shares fell 2.5% in response to the news, while Disney's shares rose 10.5%.

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