Reuters has reported that Europe's banks had been beating their profit expectations due to volatile markets and high interest rates.
The US quarterly Advance Gross Domestic Product data has been published. The US economy has grown 2.6% instead of the market expected 2.3% growth. Moreover, the previous -0.9% decline has been revised up to -0.6%.
Due to a surge in demand for travel and hotels, Hilton has increased the company's annual profit forecasts.
The European Central Bank just hiked its base interest rate by 0.75% up from 1.25% to 2.00%. The markets expected the 0.75% hike and it was assumed to be priced in. However, on the announcement the Euro declined in value, which was attributed to the fact that some market participants expected a 1.00% rate increase.
The commodities trader Bunge has announced that the company would increase its 2022 full-year earnings forecast. The news caused a surge of the company's stock price.
Despite a decline in dealmaking, the quarterly profits of Deutsche Bank have increased. Net profit was 1.1150 billion, compared to a market estimate of 0.8350.
The Finance Minister of the United Kingdom Jeremy Hunt has stated that the new UK fiscal statement would be revealed on November 17.
The world's second largest beer brewer has revealed that in the third quarter of 2022 beer volumes increased by 8.9% instead of the expected 12.0%.
At 14:00 GMT, the Bank of Canada announced its latest Overnight Rate hike. The central bank increased its base interest rate by 0.50% instead of the market expected 0.75%.
Due to a surge in luxury car sales and cost reductions, Mercedes-Benz has raised its 2022 profit forecast. The carmaker expects earnings to increase at least 15%.
The Qatar's State Minister for Energy Saad Sherida al-Kaabi has stated that the global gas and oil trade should be left out of politics.
On Wednesday morning, the US Dollar index continued its decline, as a loss of 0.62% occurred against peer currencies and the 110.00 mark was reached. Namely, the Dollar reached a level not seen since September 21.
Clients of Deutsche Bank's asset manager DWS are suing the bank's unit for misrepresentation of a funds environment friendly credentials.
As analysts warn of an incoming price war, Tesla has decreased its electric vehicle prices in China by up to 9.00%.
In September, China has increased its diesel fuel exports by more than 100%, compared on an annual basis. In the meantime, it has been reported that Russian oil exports to China year-on-year had increase by 22%.
Despite weak third quarter results, Hyundai has increased the company's annual revenue expectations up to the 19%-20% range.
The Chinese government has released third quarter Gross Domestic Product data, which beat market expectations. Growth was revealed to be at 3.9% instead of market expected 3.4%.
The major bank has revealed that it expects the oil markets to experience increased volatility. In addition, the price forecasts for Brent crude oil for 2023 have been decreased.
Reuters has published a report, which indicates that by 2030 the total spending on electric vehicles by automakers could double and reach $1.2 trillion.
The Chinese government has released third quarter Gross Domestic Product data, which beat market expectations. Growth was revealed to be at 3.9% instead of market expected 3.4%. However, unclear delays in the publication were probably the cause of a Chinese stock market sell off. By 08:00 GMT on Monday, the China top 50 stock index had plummeted by 5.19% or
Renault has revealed that the company's quarterly sales have increased to 9.8 billion Euros, as increasing prices have offset decline in number of units sold.
The Chinese Yuan has decreased to its lowest levels since the 2008 financial crisis. The currency has continued to decline despite support from the state.
Toyota has announced that the company expects to once again decrease its 2022 output forecasts due to a shortage of semiconductors.
American Airlines have announced that due to an increase in demand, the airline expects strong fourth quarter results. The company expects earnings per share between 50 and 70 cents. Meanwhile, analysts forecasts earnings per share at 22 cents.