Amazon shares surge following strong quarterly earnings report

Amazon reported stronger-than-expected financial results for the recent quarter, prompting a sharp increase in its stock price during after-hours trading. The American technology and e-commerce giant exceeded analysts' estimates for revenue and quarterly performance.

In European market developments, major airline groups Lufthansa and Air France are positioning themselves to acquire a stake in TAP Air Portugal as privatization plans proceed. Additionally, automotive supplier Aumovio saw its shares rally after ending a legal dispute with German automaker BMW. Meanwhile, German supermarket chain Edeka is expected to be permitted to take over fewer Tegut grocery stores than originally planned due to regulatory oversight.

Sources: FAZ