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### Europe Markets Open Higher

An Hour Ago

#### Europe markets open higher

European markets opened higher on Friday as positive momentum continued into the end of the week and the U.K. posted first-quarter gross domestic product that was better than expected. The pan-European Stoxx 600 was 0.52% higher at 8:08 a.m. London time. The U.K.’s FTSE 100 was last up by 0.41%, while Germany’s DAX rose 0.39% and France’s CAC 40 was 0.45% higher.

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### Interest Rates in India Could Stay ‘Higher for Longer’

4 Hours Ago

#### Interest rates in India could stay ‘higher for longer,’ State Bank of India chairman says

India’s interest rates are likely to stay “higher for longer” and the status quo could remain for “some time to go,” according to State Bank of India Chairman Dinesh Kumar Khara. The Reserve Bank of India is unlikely to follow the timeline of other central banks, he said.

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### OCBC Posts Record First-Quarter Revenue and Profit

5 Hours Ago

#### OCBC posts record first-quarter revenue and profit; offers to take insurance subsidiary private

Singapore’s second-largest bank OCBC posted record first-quarter revenue and profit, with total income rising 8% year on year to 3.63 billion Singapore dollars ($2.68 billion) and net profit climbing 5% year on year to SG$1.98 billion. On a quarter-on-quarter basis, revenue rose 11%, while net profit surged 22%. OCBC cited a “robust performance across all segments,” highlighting that its banking operations profit was at a record high, supported by higher wealth management income and assets under management.

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### HSBC Says Xiaomi Could Break Even on Its EV Sooner

5 Hours Ago

#### HSBC says Xiaomi could break even on its EV sooner than expected

HSBC said it now expects Xiaomi to break even on its recently launched electric vehicle, the SU7, sooner than previously projected. The bank predicted the EV will hit 685 million Chinese yuan ($94.8 million) in net profit by the end of 2026, versus its prior expectation of about 810 million yuan by 2028. HSBC is bullish on Xiaomi’s EV shipments over the next two years, citing the company’s higher-than-expected order backlog of over 88,000 units and strong deliveries of over 7,000 units, as of April 30.

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### Individual Investors Were Last This ‘Neutral’ on Stocks Eight Months Ago

10 Hours Ago

#### Individual investors were last this ‘neutral’ on stocks eight months ago, AAII says

The percentage of individual investors who are neutral about the outlook for stock prices over the coming six months widened to 35.4% from 29% in the latest survey from the American Association of Individual Investors. Bullishness rose to 40.8% from 38.5%, and bearish sentiment slumped to 23.8%. Contrarians speculate on market sentiment based on individual investor behavior.

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