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(Reuters) – Wall Street's main indexes opened higher on Tuesday, a day after the S&P 500 and the Nasdaq hit record closing highs, with focus now shifting to a slate of Federal Reserve speakers for policy signals. The Dow Jones Industrial Average rose 5.9 points, or 0.01%, at the open to 46,700.9. The S&P 500 rose 5.9 points, or 0.09%, at the open to 6,746.14​, while the Nasdaq Composite rose 30.7 points, or 0.13%, to 22,972.369. (Reporting by Niket Nishant and Sukriti Gupta in Bengaluru; Editing by Devika Syamnath)

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By Stephen Nellis SAN FRANCISCO (Reuters) -Qualcomm on Tuesday said it has acquired Arduino, an Italian not-for-profit firm that makes hardware and software for developing prototypes of robots and other electronic gadgets. San Diego-based Qualcomm is a major supplier of chips at the heart of mobile phones but has been expanding into other fields such as connected vehicles, wireless earphones, laptop computers and industrial machines. With the Arduino deal, it will acquire an open-source platform with more than 33 million developers. The companies did not disclose the price of the deal. Qualcomm said Arduino "will retain its independent brand, tools and mission." Arduino is widely used by high-school and university students worldwide to learn how to build and program electronic devices. It is also used by professional engineers to develop prototypes quickly. Its software and hardware is compatible with chips from a range of providers beyond Qualcomm. The two firms said they will continue to support chips from other makers. Qualcomm also said it will introduce an Arduino development board powered by one of its "Dragonwing" processing chips that will be suitable for devices such as robots that need computational power similar to a computer or phone along with real-time control over wings, wheels or other robotic elements. The chipmaker said it will be the first board to work with a new coding tool called "AppLab" aimed at helping Arduino developers bridge the gap between coding languages used in robots and those used in more complex artificial intelligence systems. (Reporting by Stephen Nellis in San Francisco; Editing by Christopher Cushing)

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GENEVA (Reuters) -The World Trade Organization on Tuesday sharply lowered its 2026 forecast for global merchandise trade volume growth to 0.5%, citing expected delayed impacts from U.S. President Donald Trump's tariffs. It marks a significant revision down from its previous estimate in August of 1.8% growth. "The outlook for next year is bleaker … I am very concerned," Director-General Ngozi Okonjo-Iweala told reporters in Geneva. However, she said the world trading system is showing resilience, with the rules-based multilateral system providing some stability amid trade turmoil. For 2025, the WTO upgraded its forecast for global trade volume to 2.4%, from 0.9% previously, driven primarily by the front-loading of imports into the United States ahead of tariff hikes and growth in the trade of AI-related goods. Trump's tariff decisions since he took office in January have shocked financial markets and sent a wave of uncertainty through the global economy. On August 7, Trump imposed higher tariffs on imports from dozens of countries, leaving major trade partners like Switzerland, Brazil and India scrambling for a better deal, while the EU struck a deal that set duties at 15% on most imports. Overall world merchandise trade volume growth is expected to slow from 2.8% last year to 2.4% this year and 0.5% next year. (Reporting by Olivia Le Poidevin, Editing by Miranda Murray)

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(Reuters) -Dell raised its long-term revenue and profit growth forecasts on Tuesday, signaling robust demand for its servers that power artificial intelligence workloads. Its shares surged 7% in premarket trading after the company said it expects compounded annual revenue growth between 7% and 9%, up from its prior view of 3% to 4%. It also nearly doubled its expectations for annual growth in adjusted earnings per share to at least 15% from 8%, betting on the insatiable demand for computing power needed to run generative AI products such as ChatGPT. "Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale," CEO Michael Dell said in a statement. Dell, whose customers include Elon Musk's AI startup xAI and CoreWeave, reiterated its third-quarter and annual forecasts. It had raised its expectations for AI server shipments in August to $20 billion in fiscal 2026. A strong PC refresh cycle is expected after Microsoft ends support for Windows 10 next week, as users and companies seek to maintain security and access to the latest features, benefiting PC makers such as HP and Dell. While the booming demand for AI severs has boosted Dell's revenue, competition and higher costs of producing those products have pressured its margins, drawing investor concern. (Reporting by Jaspreet Singh in Bengaluru; Editing by Arun Koyyur)

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By Mateusz Rabiega (Reuters) -Shares of European luxury players rose on Tuesday, pushing the European luxuries index to its highest level since late May this year, as designing debuts among fashion houses and a push for affordability gave investors hope that the sector was set for a gradual comeback. The rally was led by the big French names, with Kering, Christian Dior and LVMH rising between 3% and 7% as of 1220 GMT, while most of the remaining index constituents gained 1% to 3%. Luxury groups in Europe have been seeking to turn around their fortunes that had soured as U.S. tariffs and slower demand in China put a dent in their profits. New designers at houses of Gucci, Bottega Veneta and Dior presented their collections at last week's Milan Fashion week. "Investors are very pleased with the new collections that have been presented during the Fashion Weeks because one of the reasons for the sector turmoil since early 2024 has been, amongst other things, creativity crises," Kepler Cheuvreux analyst Charles Louis Scotti told Reuters. Equity analysts from Morgan Stanley also bet on the "burst of creativity", having upgraded their recommendations for Kering and LVMH in a note to investors. Some luxury brands are also reworking their pricing structures, with more affordable products to be pushed onto store shelves, Scotti added. "All those factors point to a gradual organic sales growth recovery, which will confirm the worst is behind us," he said. (Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)

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(Reuters) -Dell raised its long-term revenue and profit growth forecasts on Tuesday, signaling robust demand for its servers that power artificial intelligence workloads, sending its shares up nearly 7% in premarket trading. Insatiable demand for computing power needed to train and run generative AI products such as ChatGPT has driven strong demand for companies including Dell and Super Micro Computer. Dell now expects compounded annual revenue growth between 7% and 9%, up from its prior forecast of 3% to 4%. The company also raised its expectations for annual growth in adjusted earnings per share to at least 15%, nearly double its previous target of 8%. "Customers are hungry for AI and the compute, storage and networking we provide to deploy intelligence at scale," CEO Michael Dell said in a statement. (Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)

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By Enes Tunagur LONDON (Reuters) -Oil prices were steady on Tuesday as investors assessed a smaller than expected increase to OPEC+ output in November against a backdrop of possible oversupply. Brent crude futures rose 9 cents, or 0.14%, to $65.56 a barrel by 1154 GMT. U.S. West Texas Intermediate crude gained 8 cents, or 0.13%, to $61.77. Oil prices are holding up, with the market looking if higher oil inventories on water will translate into rising OECD oil stocks, while preliminary data from India pointed to strong oil demand in September, said UBS analyst Giovanni Staunovo. Both contracts settled more than 1% up in the previous session after the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers, together known as OPEC+, decided to increase collective oil production by 137,000 barrels per day (bpd), starting in November. The move was in contrast to market expectations for a more aggressive increase, a sign that the group remains cautious in light of predictions for a global supply surplus in the fourth quarter as well as next year, said ING analysts. On the demand side, India's fuel demand rose by 7% year on year in September, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry. On the supply side, JP Morgan said that global oil inventories, including crude stored on water, have risen every week in September, adding 123 million barrels during the month. China, meanwhile, is building oil reserves sites at a rapid clip as part of a campaign to boost stockpiles, according to public data, traders and industry experts. Geopolitical factors have kept a floor under prices, with conflict between Russia and Ukraine affecting energy assets and creating uncertainty over Russian crude supply. Russia's Kirishi oil refinery halted its most productive distillation unit after a drone attack and subsequent fire on October 4, with recovery likely to take about a month, two industry sources said on Monday. (Reporting by Enes Tunagur in London, Anjana Anil in Bengaluru and Siyi Liu in SingaporeEditing by Kim Coghill, Clarence Fernandez and David Goodman)

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(Reuters) -McCormick on Tuesday beat expectations for third-quarter sales and profit, aided by resilient demand for its higher-priced spices and seasonings even as macroeconomic uncertainty loomed over consumer spending. U.S. consumers are shifting away from dining out and increasingly turning to home-cooked meals and meal prep routines, stocking up on pantry staples including McCormick's Sunshine Seasoning and Brown Butter Finishing Salt. However, the company lowered its annual profit forecast due to rising commodity costs triggered by global trade uncertainty and tariffs. It now expects annual adjusted earnings per share to be in the range of $3 to $3.05, compared with its prior forecast of $3.03 to $3.08. While the Cholula hot sauce maker's expansion efforts, including the recent move of raising its stake in a Mexico joint venture, have boosted its global presence, they have also exposed it to higher tariff risks. "Amid rising inflation from higher commodity costs and tariffs, we continue to invest in our growth plans, supported by our cost savings initiatives, which strengthen our resilience and differentiated fundamentals," CEO Brendan Foley said in a statement. Shares of the company were marginally down at $68.12 in volatile premarket trading. The stock has fallen about 10% this year. Apart from higher input costs, the company's margins came under pressure from expenses related to brand marketing and technology investments. Its third-quarter gross profit margin contracted 130 basis points after expanding 170 basis points a year ago. Conagra Brands also beat quarterly expectations, and flagged margin pressures as earlier trade and tariff benefits fade. For the quarter ended August 31, McCormick posted net sales of $1.72 billion, compared with analysts' estimates of $1.71 billion, according to data compiled by LSEG. Its adjusted profit per share of 85 cents topped estimates of 82 cents. (Reporting by Sanskriti Shekhar and Anuja Bharat Mistry in Bengaluru; Editing by Maju Samuel)

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(Reuters) -Mercedes-Benz reported declining sales for the third quarter on Tuesday, as U.S. import duties and intensifying competition in China dented the German luxury carmaker's deliveries. It delivered 441,500 vehicles between July and September, 12% fewer than in the same quarter last year, with sales in the U.S. and China falling by 17% and 27% respectively. "While sales in Europe, South America and Gulf States (are) performing well, our sales in the third quarter were impacted by the market conditions in China," Mathias Geisen, a member of the management board, said in a statement. Mercedes-Benz is one of several German auto manufacturers to have cut its guidance in 2025, as the industry incurred higher costs due to U.S. President Donald Trump's tariffs on cars, their parts and materials, while sales fell drastically in China due to local competition. Sales of battery electric vehicles (BEV) flattened compared to last year, at 42,600 cars, the automaker said. (Reporting by Tristan Veyet in Gdansk, Ilona Wissenbach in Frankfurt; editing by Milla Nissi-Prussak)

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By Foo Yun Chee BRUSSELS (Reuters) -Candy and snacks giant Mars' $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the matter said. The deal, among the biggest in the sector, would bring under one roof brands ranging from M&Ms, Snickers and Whiskas cat food to Pringles crisps, Pop-Tarts and Kellogg's cereals. It has already secured a green light without any conditions from U.S. authorities. The European Commission, which warned in June that the deal could lead to price hikes and may boost Mars' negotiating power with retailers, has subsequently found insufficient legal grounds to demand concessions, the sources said. The Commission, the EU's competition enforcer, declined to comment, as did Mars and Kellanova. An EU decision on the deal is due by December 19. A combined Mars and Kellanova would account for roughly 12% of the U.S. snacking and candy industry, according to market share data from NielsenIQ. (Reporting by Foo Yun Chee; Editing by Joe Bavier)

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