< Back to News

Market News


European Markets

Opening calls are indicating a higher open this morning.

Asian Markets

Stocks are trading higher in Asia.

US Markets

By late afternoon Wednesday, investors started betting that European leaders could be close to a deal. All indexes closed the trading day higher.

In yet another day of jagged moves, the Dow Jones industrial average closed up 162 points, or 1.4%. The S&P 500 moved up 13 points, or 1%, and the Nasdaq composite added 12 points, or 0.5%.

Events today

Thursday will be dominated by earnings data out of Europe, with a number of leading firms reporting their third quarter results.

Global oil and gas firm Royal Dutch Shell is set to release third quarter trade data on Thursday and Norwegian energy company Statoil is also due to report.

From France, Areva, Renault and France Telecom will announce their quarterly results.

German carmaker Daimler saw earnings before interest and tax fall by 19 percent to 1.97 billion euros ($2.7 billion) in the third quarter. Daimler said the luxury car business had been hit by the downturn in Europe.

BASF reported better-than-expected earnings before tax of 1.96 billion euros ($2.71 billion), against a Reuters forecast of 1.89 billion euros ($2.64 billion), but warned that growth had slowed since the first half of 2011 and the trend looks set to continue to the end of the year.

Lufthansa and Bayer are also due to report out of Germany on Thursday.

Volkswagen will release its earnings data later on Thursday morning at around 9:00 UK time.

British pharmaceutical firm AstraZeneca and software company Autonomy will also report earnings on Thursday.

Many of the world’ leading economists and policymakers will meet for a pre-G20 seminar in Paris on Thursday, with former British Prime Minister Gordon Brown, WTO head Pascal Lamy, Google CEO Eric Schmidt and economist Nouriel Roubini all expected to attend.

In Ireland, presidential elections will take place with non-acting Deputy First Minister of Northern Ireland, Martin McGuinness standing as a candidate for Sinn Fein.