Corporate results:

  • AB Volvo: Q3 results came in below Bloomberg consensus expectations. However, forecasts are confirmed.
  • ABB: Operating profit is better than AWP consensus in Q3.
  • Alcoa: The results of the U.S. aluminum producer disappoint.
  • BE Semiconductor: The group expects a decline in revenue in the fourth quarter.
  • Deutsche Börse: The stock exchange operator raises its outlook for fiscal year 2022 after good Q3 results.
  • Ericsson: Q3 operating profit below expectations.
  • Nokia: Q3 revenue comes in higher than expected.
  • Tesla said Wednesday night it expects to miss its full-year delivery target after third-quarter sales fell short of Wall Street expectations, citing logistical difficulties.
  • IBM reported better-than-expected quarterly results and said it expects to exceed its annual growth target thanks to strong demand for its digital services.
  • DOW was down 2.2% in premarket trading after a 56% drop in the chemical group's third-quarter profit
  • AT&T raised its annual profit forecast on Thursday after reporting better-than-expected adjusted earnings in the third quarter.
  • American Airlines said Thursday it expects earnings to beat Wall Street expectations for the three months ended in December.

 

In other news:

  • Saipem gets a giant $4.5bn contract from Qatargas for two offshore compression complexes.
  • Altria will receive approximately $2.7 billion from Philip Morris International in exchange for the transfer of exclusive U.S. marketing rights to the IQOS system. In addition, Philip Morris has raised its offer for Swedish Match to SEK 116 per share.
  • EQT is reportedly in line to buy Brookfield's 45% stake in TDF, according to Reuters.
  • AT&T is reportedly in talks with investors to deploy fiber optics, according to Bloomberg.
  • Australian bank Medibank was contacted by hackers after a hack last week.
  • Twitter - Elon Musk said he was excited about buying the social network but noted that his offer overvalued it.
  • The U.S. Department of Justice has asked for details of CVS Health's proposed $8 billion takeover of Signify Health, suggesting that the deal could lead to a full investigation.

Today's main earning reports: Danaher, L'Oreal, Hermès, Philip Morris, AT&T, Blackstone, Kering, ABB, Pernod Ricard, AB Volvo, Nokia... All the agenda is here.