Reuters - Before the Bell

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Tuesday, May 9, 2017

Futures rise as risk-on sentiment improves

(Reuters) - U.S. stock index futures rose on Tuesday as a favorable French election outcome and a robust first-quarter earnings season improved appetite for risk.

Once tainted, Portugal's cork industry fights back

LISBON (Reuters) - A decade ago, shares in the world's largest cork producer, Corticeira Amorim , didn't look like a great bet.

Rising yields boost dollar, euro after French vote

LONDON (Reuters) - Currency markets swung back to bets on improving growth and tighter monetary policy on Tuesday, lifting the dollar and euro against traditional safe havens for capital including the yen and the Swiss franc.

Oil steadies but rattled by concern about OPEC's clout

LONDON (Reuters) - Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors' faith in the ability of OPEC to rebalance the market.

Market calm underpins risk-on rally

LONDON (Reuters) - European stocks and global bond yields rose on Tuesday, with investor sentiment bolstered by historically low U.S. stock market volatility, last weekend's French presidential election result and solid corporate earnings.

Office Depot profit beats estimates as costs drop

(Reuters) - Office supply chain Office Depot Inc , reported a bigger-than-expected profit for the first quarter as its operational expenses fell, in part due to a lower store count.

Allergan posts profit ahead of estimates; raises 2017 forecast

(Reuters) - Botox-maker Allergan Plc on Tuesday reported adjusted profit that beat analysts' estimates, and raised its 2017 forecast to include its $2.48 billion acquisition of Zeltiq Aesthetics.

Valeant posts first-quarter profit on tax benefit, raises full-year EBITDA forecast

(Reuters) - Canada's Valeant Pharmaceuticals International Inc reported a first-quarter profit, compared with a year-ago loss, due to an income tax benefit, and the drugmaker also raised its full-year adjusted EBITDA forecast.

Hermes urges VW shareholders to not discharge management, sup board

BERLIN (Reuters) - Investment advisory firm Hermes EOS has urged Volkswagen shareholders not to clear the carmaker's management and supervisory boards from responsibility for actions taken in 2016, citing VW's failure to resolve long-standing corporate governance and transparency issues.

Wall Street flat; fear barometer falls to 1993 low

(Reuters) - The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election.