Promises of policy support and a possible meeting between tech giants and China's leaders this week have helped stem a rout in the country's stock markets for now, but investors expect it is unlikely to attract new inflows until the economy stabilises.

BMW said on Thursday its first-quarter profit soared thanks to a reevaluation of the German carmaker's stake in its Chinese joint venture, while strong pricing offset lower sales hit by supply chain issues.

Carmaker Stellantis said on Thursday its sales rose 12% in the first quarter of this year supported by strong pricing and vehicle mix, but also by favourable exchange rate effects.

Germany's flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising fuel costs cancelled out revenue gains from booming travel demand after lifted COVID-19 restrictions.

LONDON (Reuters) -BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and strong pricing, and maintained its 2022 outlook despite volatile prices for commodities and energy.

Air France-KLM posted a first-quarter core profit that landed ahead of its own forecasts, fuelled by a recovery in ticket sales and lower unit costs, the Franco-Dutch airline group said on Thursday.