Corporate results:

  • Alphabet: The stock tumbled after disappointing results.
  • ASM International: The group exceeded its revenue forecasts for the third quarter but is cautious about the impact of sanctions on China.
  • Barclays: Earnings are up slightly in Q3 on higher fixed income.
  • BASF: Q3 revenue plunged 28% due to Nord Stream 1 impairments.
  • Bristol-Myers Squibb: Q3 results came in below expectations.
  • Deutsche Bank: The bank more than quintupled its quarterly profit.
  • Heineken: Q3 revenue jumps on strong post-covid rebound in Asia-Pacific.
  • Iberdrola: Nine-month net profit is up 29%.
  • Mattel: The stock lost 5.5% in after-hours trading after a disappointing earnings report.
  • Mercedes: The group raised the sales growth outlook for its automotive division to 13-15%.
  • Microsoft: The stock lost 7% after disappointing results.
  • Puma: The German company confirmed its operating profit forecast for the full year after the third quarter results.
  • Reckitt: Q3 sales up 14%.
  • SK Hynix: The Korean company slashed investments after disappointing results.
  • Standard Chartered: Q3 pretax profit comes in at $1.42 billion, above expectations.
  • Texas Instruments: The stock lost 5% in after-hours trading after a disappointing outlook.
  • Uniper: Nine-month adjusted EBIT loss reached €4.8bn.
  • WPP: The advertising group announced a 3.8% increase in adjusted revenues for the third quarter.
  • Boeing lost 4% in premarket trading after announcing a $2.8 billion charge for its troubled defense business.
  • Visa reported a better-than-expected quarterly profit as U.S. consumers took advantage of the stronger dollar to spend more abroad.
  • Bristol-Myers Squibb on Tuesday reported third-quarter revenue down year over year as generic competition weighed on sales of its cancer drug Revlimid in the U.S.
  • Chipotle Mexican Grill reported better-than-expected quarterly sales and profit on Tuesday as it raised prices.
  • Kraft Heinz third-quarter sales came in above analysts' expectations thanks to price increases on its products. The stock was up 3% in pre-market trading.
  • Hilton - The hotel group raised its annual profit target after third-quarter results beat expectations.
  • Spotify saw its third-quarter profit margin cut by weak advertising growth, fueling concerns about the effect of the global economic slowdown on online advertising.
  • The Chemours Co reported better-than-expected quarterly results as higher prices for its industrial and specialty chemicals helped the company offset rising costs.
  • Bunge - The commodity broker raised its annual earnings forecast on the back of a strong performance in its refined and specialty oils business.
  • Harley-Davidson reported a 60% increase in quarterly profit as higher shipments and selling prices helped the motorcycle maker keep up with inflation. The stock was up 2.5% in premarket trading.
  • CME - The stock market operator reported a 25% increase in quarterly profit thanks to higher trading volumes.

 

In other news:

  • Mobileye - Intel's autonomous driving division raised $861 million in its initial public offering and set the benchmark price at $21, valuing it at $16.7 billion. Its first listing is expected this Wednesday.
  • The DAX will lose its main representative, Linde, which will focus on its US listing.
  • Brussels gives conditional green light to Philip Morris' takeover of Swedish Match.
  • Rio Tinto reiterates its $3.3 billion offer for Turquoise Hill.
  • Musk is expected to close the deal on Twitter by Friday according to Bloomberg News.
  • Shell will explore carbon transport and storage in Brunei and Singapore.
  • Telefonica and Liberty Global are reportedly considering selling parts of their UK tower business.
  • The Della Valle family fails to meet its 90% target for Tod's.
  • Inditex (Zara) will sell its stores in Russia.
  • The Gap will pull Yeezy Gap products from stores.
  • Medtronic will spin off two businesses as part of its restructuring.

Today's main earnings reports: Microsoft, Meta Platforms, Thermo Fisher, Bristol-Myers Squibb, Boeing, Daimler, Iberdrola, Heineken, Reckitt, Dassault Systèmes, Banco Santander, BASF ... All the agenda is here.