US:

  • Walt Disney saw a 6.6% increase in pre-market trading after reporting better-than-expected earnings, driven by profitable streaming operations.
  • Cisco Systems experienced a 3.4% decline despite optimistic future projections linked to increased investments in AI infrastructure.
  • ASML confirmed its revenue outlook for 2030, anticipating sales between 44 billion and 60 billion euros, with global chip sales expected to surpass $1 trillion by 2030 due to AI demand.
  • JD.com reported a 5.1% revenue increase for the third quarter, though it fell short of analyst expectations, resulting in a 1.2% drop in its ADR.
  • Tapestry gained 5.8% while Capri Holdings fell by the same margin after abandoning their $8.5 billion merger plan, which faced opposition from the U.S. Federal Trade Commission.
  • Eli Lilly's late-stage trial of injectable Tirzepatide shows positive results in diabetes prevention
  • AMD to cut around 4% of its global workforce.
  • B. Riley delays publication of its quarterly report and announces a loss linked to the Franchise bankruptcy.

Today's main earnings reports: Walt Disney Company, Applied Materials, Brookfield Corporation, JD.com, Williams-Sonoma...

Europe and Asia:

  • Italy sells 15% of Banca Monte dei Paschi, Banco BPM acquires 5%. Delfin reportedly takes 3.5%.
  • Burberry announces turnaround plan as sales continue to fall.
  • Merck KGaA third-quarter profits rise faster than expected.
  • Saipem signs $1.9 billion contract with TotalEnergies in Suriname.
  • ASML announces sales of €44-60 billion by 2030.
  • DE Shaw takes a $1 billion short position in Bayer, according to a regulatory filing.
  • Deutsche Telekom raises its forecast for 2024.
  • Aviva reports a 15% increase in general insurance premiums for the first nine months of the year.
  • Tensions between Ben & Jerry's and its parent company Unilever over support for Gaza.
  • SMA Solar cuts 1,100 jobs and downgrades its outlook.
  • Siemens AG posts slight operational growth, but digital division continues to slow down.
  • Kuehne und Nagel acquires American group IMC Logistics.
  • Influential shareholders call for demerger of Smith & Nephew, according to the FT.
  • Embracer sells Easybrain to Miniclip for $1.2 bn.
  • Boohoo suffers a fall in first-half profits due to lower consumer spending and investment costs.
  • OMV wins over $243 million in arbitration award for irregular deliveries of German gas by Gazprom.
  • Tencent Holdings up after reporting better-than-expected earnings.
  • Kia sees short-term market challenges, but maintains its target of 1.6 million annual EV sales by 2030.

Today's main earnings reports: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Hon Hai Precision Industry, NetEase, Mizuho Financial Group, Hindustan Aeronautic, Siemens AG, Deutsche Telekom, Merck KGaA, 3i Group, EON SE, Swiss Re, Hapag-Lloyd, CVC Capital Partners, Swiss Life Holding, Talanx AG, Aviva...