Corporate results:

  • Burberry: organic growth reaches 5% in H1, slightly higher than expected.
  • Cisco: the stock gains 4% after the session thanks to the release of better-than-expected quarterly results.
  • Nvidia reported quarterly revenue above expectations Wednesday night, driven by solid demand in data centers. In pre-market trading, Nvidia shares were up 2.8%.
  • Siemens: annual profit is down due to a €2.7bn impairment on Siemens Energy. Forecasts for the new fiscal year look stronger than expected.


In other news:

  • Macy's jumped 8.5% in pre-market trading as the group raised its annual profit forecast, noting resilient demand in high-end products.
  • Kohl's fell 4% in premarket trading as the department store chain dropped its sales and profit forecast for this year, citing an uncertain macroeconomic environment and the departure of CEO Michelle Gass.
  • Alibaba dropped 2.4% in pre-market trading after reporting lower-than-expected quarterly sales of 207.18 billion yuan.
  • Chevron and Exxon Mobil were down 1.2% and 1.9%, respectively, as crude oil prices fell on concerns about Chinese demand, with the country facing an increase in Covid-19 cases.
  • Netease fell 5.65% in pre-market trading after the suspension of a licensing agreement on several games with Activision Blizzard in China.
  • Roku was down 1.8 percent in premarket trading in reaction to a plan to cut 200 jobs in the U.S., or about 5 percent of the streaming platform's workforce, the U.S. Securities and Exchange Commission (SEC) said in a notice.
  • Meta Platforms announced Thursday the appointment of Sandhya Devanathan to head its India operations, days after Ajit Mohan left for rival SNAP.
  • Blackstone - The U.S. private equity firm announced Thursday that it plans to acquire a 52 percent stake in Indian IT services group R Systems International for $359 million.
  • Diamondback Energy - The oil and gas producer announced Wednesday night that it will buy all the assets of Lario Permian, a subsidiary of Lario Oil & Gas Company, for about $1.5 billion.
  • New car registrations rose 14% in October, after the lows of October 2021.
  • Enel prepares a €5bn support package for its subsidiary Endesa.
  • Sika has narrowed the list of candidates for its admixture assets, which will be divested as part of the takeover of German rival MBCC Group.
  • Midea will buy back the remaining Kuka shares at EUR 80.77 per share.
  • Tencent will distribute its $20.3 billion stake in Meituan as a dividend to its shareholders.
  • Activision Blizzard will suspend most Blizzard game services in mainland China when its current licensing agreements with Netease end in January. Netease falls 14% in trading.
  • Elon Musk defends his huge compensation package at Tesla.
  • Tata Motors announces that the CEO of its Jaguar Land Rover subsidiary, Thierry Bolloré, will resign.
  • Blackstone will take a majority stake in Indian company R Systems.
  • Muddy Waters attacks DLocal, judging that there is something fishy behind the company, which loses 50% in the process.
  • Sulzer will provide technology under license for a proposed renewable fuel plant in Malaysia.
  • Pfizer and BioNTech begin Phase 1 study of a new COVID-19 injection offering longer protection.
  • Airbnb refocuses after "creating too many things at once."
  • First Solar selects Alabama for new solar plant.
  • BAE Systems wins $90M order to deliver new combat vehicle variants to the Swedish Army.

Main earnings reports today: Alibaba, Siemens, Applied Materials, Netease, Bouygues, Halma, Burberry, Embracer... All the agenda is here.