Corporate results:

  • Pernod Ricard reports lower sales in fiscal Q1
  • Renault confirms 2023 targets despite slower-than-expected growth in Q3.
  • Deutsche Börse revises its forecasts upwards.
  • Nestlé reports a 7.8% rise in sales for the first nine months of the year, against a consensus of 8.1%.
  • Netflix soared by 13% in after-hours trading. Subscriber numbers are up, as are subscription prices in France and the US.
  • Roche posted sales of CHF 44.05 billion for the first nine months of the year, down 6% year-on-year. Management continues to rule out growth for the full year.
  • SAP accelerates its growth in the cloud and confirms its forecasts.
  • Schindler raises its forecasts.
  • Tesla loses 4.2% in after-hours trading.
  • Taiwan Semiconductor Manufacturing (TSMC) reports profits down but slightly better than expected.
  • AT&T jumped 4.5% as the telecom operator reported higher-than-expected subscriber numbers in the third quarter.
  • Blackstone dropped 2.74% in premarket trading after third-quarter profit attributable to shareholders fell to $1.2 billion.

In other news:

  • Nokia starts major redundancy plan affecting 14,000 jobs.
  • Repsol considers legal action against US gas exporter Venture Global in contract dispute.
  • Nestlé is to close an infant formula factory and a research center in Ireland. The Nespresso subsidiary reaches an out-of-court settlement with JDE Peet's in the USA.
  • Walt Disney will report its sports programming revenues separately from the fourth quarter as part of the restructuring announced this year, the entertainment group said on Wednesday.
  • Amazon launches Prime Air drone delivery in Italy and the UK.
  • Super Micro unveils GPU systems based on Nvidia architecture.
  • Las Vegas Sands launches $2 billion share buyback plan.
  • Costco changes CEO.
  • VMware loses 7.7% in pre-market trading after reports that Beijing is considering delaying the planned $69 billion takeover of the cloud computing group by chipmaker Broadcom.
  • Alphabet - The Google subsidiary is counting on India for the production of its smartphones, Rick Osterloh, a group executive, said on Thursday.
  • Ford Motor announced on Wednesday that it had laid off an additional 150 employees in Michigan due to the strike initiated by the United Auto Workers union, bringing the total to 2,730.
  • Lam Research fell 3.6% in pre-market trading, as the semiconductor manufacturing equipment supplier forecast second-quarter sales slightly below Wall Street estimates due to weak demand for memory chips.
    Today's earnings reports: Keycorp, Blackstone, L'Oréal, Renault, Vivendi, Crocs, Intuitive Surgical, Truist Financial Corporation, AT&T, Watsco, Getlink, Bankinter, Mondi, Edenred, Schroders, Brunello Cucinelli, Nestlé, Roche,..All the agenda here.