European markets open to close, earnings, data and news

Natwest is down 7% after reporting flat third quarter results

Natwest is down 7% after reporting flat third quarter results.

The British bank reported a profit of 1.1 billion pounds ($1.3 billion), just missing analyst forecasts.

Natwest set aside another £247 million to reflect the tough economic outlook in the UK, which ate into profits.

— Hannah Ward-Glenton

Coming Up: Bank of America CEO Brian Moynihan Live on “Squawk Box Europe”

Bank of America CEO Brian Moynihan will give an exclusive interview on CNBC’s “Squawk Box Europe” at 8.00 am London time.

The bank released its third-quarter earnings on October 17 and stressed that the determination of the US consumer was a reason to reduce worries about an economic recession.

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You can watch the interview live on CNBC here.

— Hannah Ward-Glenton

European markets: Here are the opening calls

The FTSE 100 is expected to drop 32 points to 7,039 and Germany’s DAX is 67 points lower at 13,155, according to data from IG. The CAC will be down 25 points to open at 6,226 and Italy’s MIB will be 89 points lower at 22,347.

CNBC Pro: Tech stocks are falling but one fund manager still likes Microsoft. But why

Tech stocks fell this week, as investor optimism faded after disappointing results from some of the sector’s biggest names.

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But fund manager Brian Arcese stands by Microsoftcall it a “solid long-term holding defense.”

Pro subscribers can read more here.

— Zavier Ong

CNBC Pro: There’s a lot of pain ahead for markets, strategists warn

Investors should think twice before chasing the recent bounce in stocks, according to one strategist.

“I think the market rally is a breathing space rally,” Beat Wittmann, president of Switzerland’s Porta Advisors, told CNBC.

CNBC Pro subscribers can read more here.

Jenny Reid

Chip stocks fell after US officials said allies could soon impose export limits on China

The Bank of Japan kept interest rates on hold as expected

Japan’s central bank left interest rates unchanged on Friday, in line with economists’ predictions in a Reuters poll.

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The Bank of Japan also said it would buy the necessary amount of Japanese government bonds at a fixed rate in order to keep the 10-year JGB yield at 0%.

“The Bank will support financing, especially in companies, and maintain stability in the financial markets, and will not hesitate to take additional relief measures if necessary,” he said in his monetary policy statement.

— Jihye Lee

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