Corporate news:

  • Glencore maintains its annual production forecasts for copper, zinc, coal and cobalt.
  • HSBC reports below expectations in Q3 and launches a $3 billion share buyback.
  • Panasonic cuts its full-year operating profit forecast by 15%.
  • McDonald's exceeded Wall Street's expectations for third-quarter earnings and sales on Monday, against a backdrop of new menu launches that boosted demand. The share price rose by around 2% in pre-market trading.
  • Loews reported a third-quarter profit on Monday, compared with a net loss a year earlier, thanks to higher investments and a strong performance by its CNA Financial insurance division.
  • Revvity cut its full-year sales forecast on Monday after missing Wall Street estimates for the third quarter, penalized by weak demand for its life science supplies and diagnostic solutions. The stock lost 8% in pre-market trading.

In other news:

  • Western Digital gained 10% in pre-market trading, as the memory chip manufacturer announced that it would split into two companies to focus on the hard disk and flash memory markets.
  • KKR has signed an agreement to invest $400 million in OMS Group, a Malaysian provider of submarine telecom cable services.
  • International Flavors & Fragrances is to be acquired by Clariant for $810 million in cash, the Swiss group announced on Monday.
  • Coherus Biosciences jumps 15.2% in pre-market trading, as the U.S. Food and Drug Administration approves its nasopharyngeal cancer treatment.
  • Alphabet - Group CEO Sundar Pichai will testify in federal court on Monday in the trial in which the U.S. administration is accusing the group of having circumvented competition rules to secure a quasi-monopolistic situation in Internet search.
  • Ford - Leaders of the United Auto Workers union on Sunday approved a tentative agreement with Ford that includes a wage increase of at least 30% for full-time employees and a more than doubling of pay for others. 
  • Vodafone is in the process of selling its Spanish subsidiary to Zegona, according to Bloomberg.
  • Siemens Energy does not need financial support from the state, and discussions with the federal government only concern the possibility of providing guarantees, said boss Joe Kaeser.
  • Blackstone announced its intention to take a majority stake in the Indian Care Hospitals group for $1 billion, marking its entry into the country's healthcare services sector.
  • Realty Income, looking to expand its real estate portfolio, announced on Monday that it would purchase real estate investment company Spirit in an all-stock transaction valued at $9.3 billion.
  • Spirit Realty shares are up 13% in pre-market trading.
  • Google to invest up to $2 billion in artificial intelligence startup Anthropic, according to the WSJ.
  • Clariant buys Lucas Meyer Cosmetics for $810m.
  • Boeing assesses the threat of sensitive data leaks posed by the Lockbit hacker gang.
  • Novartis filed a complaint in the US against Takeda, alleging that an ex-employee passed on trade secrets to the Japanese company, according to Nikkei.
  • Italy maintains KKR's plan for Telecom Italia.
  • Omnicom acquires digital commerce company Flywheel.
  • GSK reports that its endometrial cancer drug meets overall survival target in late-stage trial.
  • Eni and BP Plc win natural gas exploration licenses in Israel.
  • Frasers takes an interest in bankrupt online bicycle retailer Wiggle.
  • Struggling Asos seeks to sell Topshop to a US retailer, according to the Telegraph.
  • Walt Disney postpones the release of Snow White until 2025.
  • The Aurelius fund is said to be in talks to buy The Body Shop from Natura for less than £400 million.

Today's main earnings reports: McDonald's, HSBC, Glencore, Arista, Galp Energia, Clariant, Piaggio...The full earnings calendar is here.