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SAP announced Wednesday that its first-quarter operating profit had risen by 58% year-on-year to hit 2.5 billion euros ($2.9 billion).

Markets are open-minded, and often react almost instantaneously to any positive changes.

China had earlier imposed new export controls on seven rare earth elements and magnets used in everything from defense to energy to automotive technologies.

Headline inflation rate was unchanged from last month at 0.9%, while core inflation fell to 0.5% from 0.6%.

A comment from U.S. Treasury Secretary Scott Bessent has reignited fears on Wall Street about a forced delisting of Chinese stocks from U.S. exchanges.

The BNPL model -- which allows buyers to pay in installments, sometimes with no interest or late fees -- is gaining traction among young, cash-strapped travelers.

On a global basis, growth was lowered from 3.3% to 2.8% for the whole of 2025, with the IMF saying that tariffs were "a major negative shock to growth."

Tesla is cautiously navigating an entry into India, CFO Vaibhav Taneja said in an earnings call, as the EV maker faces falling sales and tariff threats.

Markets are open-minded, and often react almost instantaneously to any positive changes.

Shares of the credit card issuer rose around 3% in extended trading Tuesday.