The London Stock Exchange Group has announced an increase of total income of 5.4%, as the stock exchange has benefited from joint ventures with Microsoft.
The German carmaker Volkswagen has announced another restructuring of costs, as the launching of new models has been reducing profits. The firm intends to reduce investment to 165 billion Euro.
The recent Bank of Japan rate cut and comments made by the bank's officials has revealed to market analysts that the central bank is set to continue on its tightening path. Moreover, the markets have started to consider another rate hike in 2024.
At 12:35 GMT, VIX (Fear/ Greed index) reaches levels of 65.00. It is the highest recorded volatility level since March 2020.
The German carmaker BMW has announced that the firm has suffered a decline in margins from 9.2% to 8.4% due to a decline in demand and competitors in China.
Billionaire Elon Musk has commented that the Federal Reserve has made a mistake by not cutting interest rates on Wednesday. Musk has argued that the Fed has done damage to the economy by keeping rates high for too long.
Despite other markets being closed, the global asset sell off has continued in the cryptocurrency markets. On Sunday, the price for Bitcoin had declined 6.90%, compared to Friday's close.
CNBC has reported that the CEO of Delta Air Lines Ed Bastian has revealed to the news outlet that the costs from the CrowdStrike outage would amount to $500 million.
Due to a surge in the wealth management sector, the banking group HSBC has gained unexpected revenue. The firm has announced that it would do $3 billion in share buybacks.
The Japanese government has ordered Toyota to implement drastic reforms, as a certification procedure check has revealed new violations.
The online retailer Amazon reported its quarterly financial results after Thursday's trading hours. In general, the firm has reported a slow-down in growth of sales, which disappointed investors and caused a stock decline. The stock price of Amazon declined almost 8.00% during the Frankfurt trading session.
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index is reacting to the news by sharply declining below the 104.00 mark.
The Italian luxury brand group Prada has published higher than expected revenues and operating profit that have been experienced during the first half of 2024.
The gas and electricity utility firm CenterPoint Energy has announced that it expects the costs to restore damage from the Hurricane Beryl to amount to as high as $1.3 billion.
The pharmaceutical firm Pfizer has announced that it is increasing the firm's expectations for 2024 profits, as there is strong demand for heart and cancer drugs.
The airline JetBlue Airways has published a higher than expected quarterly profit. Moreover, the firm has found a way to delay a $3 billion purchase of new Airbus airplanes.
For the second time this year, PayPal has raised 2024 profit forecast due to improving profit margins and spending hold ups.
UK authorities have announced that they are investigating Alphabet's partnership with the AI start up anthropic, as the partnership could impact competition in the sector.
The Singapore sate investment firm Temasek has announced plans to invest up to a total of $30 billion in US firms. Investments are set to be done over the span of the next five years.
Pershing Square, the firm owned by billionaire Bill Ackman, has revealed that it intends to raise $2 billion in a US initial public offering.
At 11:00 GMT Bank of England decided on the Official Bank Rate. Official Bank Rate has been decreased by 0.25%. BOE rate is 5.00%.
The Bank of England has reduced its Official Bank Rate from 5.25% down to 5.00%. This rate cut was expected by the market analyst consensus forecasts. The GBP is reacting to the rate cut with a decline. However, since the cut was already expected, the Pound already declined during the morning hours.
The stock price of Meta is set to start the day's trading with a $33.66 or 7.09% gap up. The gap up will occur due to the company reporting higher than expected quarterly financial results.
The Italian luxury car producer has announced that its Dutch parent Ferrari N.V. has joined an Italian tax compliance programme, which includes pre-emptive and regular checks.