Corporate results:

  • 888: The bookmaker's quarterly revenue declined amid regulatory uncertainty in the UK.
  • Deutsche Lufthansa: The company is raising its guidance after a near doubling of revenue in Q3.
  • Rio Tinto: The mining group warned that it sees downside risks to demand due to the global economic slowdown.
  • Roche: Q3 sales came in at CHF 14.74 billion, against a consensus of CHF 15.25. Targets are confirmed.
  • Swiss Re: The reinsurer will be in losses in Q3, due to Hurricane Ian-related claims, with estimated claims of $1.3bn for it and an estimated global insured bill of $50-65bn.
  • Goldman Sachs announced on Tuesday a reorganization of its core businesses into three divisions as it released its third-quarter results, marked by a smaller-than-expected decline in earnings per share.
  • Johnson & Johnson reported better-than-expected quarterly sales on strong demand for its cancer drug Darzalex and its Crohn's disease treatment Stelara.
  • Lockheed Martin - The U.S. defense group reported better-than-expected quarterly revenue, thanks to increased sales in its aerospace division with the war in Ukraine.
  • Hasbro reported a larger-than-expected drop in third-quarter profit due to inflation.

 

In other news:

  • New car registrations rose 7.9% in Europe in September, according to ACEA.
  • Intel lowers its ambitions for Mobileye's IPO, according to the Wall Street Journal, from $50 billion to $16 billion.
  • Credit Suisse investment banking boss Christian Meissner will leave the group, according to several sources. Bloomberg understands that the group has started the process of selling its asset management business in the United States.
  • Germany will extend the life of its three nuclear power plants.
  • Exxon Mobil ousted by Moscow from a huge oil project in Russia.
  • SoftBank exits THG.
  • Implenia wins contract to build a large complex laboratory for the University of Basel.
  • The big four German asset managers (Allianz Global Investors, Deka Investments, Union Investment and DWS) continue to invest in fossil industries, according to Reclaim Finance, Greenpeace and Urgewald.
  • The U.S. Federal Aviation Administration (FAA) has told Boeing that some major documents submitted as part of the certification review of the 737 MAX 7 were incomplete and others needed to be revised by the U.S. manufacturer, a document seen by Reuters shows.
  • Microsoft laid off nearly 1,000 employees this week, or less than 1 percent of its workforce, in several divisions, Axios reported Tuesday, citing a source.
  • Nordstrom announced Monday the resignation of its CFO, Anne Bramman.

 

Top earnings reports today: Johnson & Johnson, Nestlé, BHP Group, Netflix, Goldman Sachs, Intuitive Surgical, Eurofins, Wise, Hasbro... All the agenda is is here.