A slew of stocks were moving in the premarket on the back of earnings, including Meta Platforms.
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Credit Suisse shares plunge 12% as bank announces huge third-quarter loss and strategic overhaul
Credit Suisse has posted a quarterly loss that is significantly worse than analyst estimates, as it announced a massive strategic overhaul.
Stocks making the biggest moves after hours: Meta Platforms, ServiceNow, Align Technology and more
See which stocks are posting big moves after the bell.
Amazon set to report third-quarter earnings after the bell
During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
Apple set to report earnings after the bell
Apple reports fiscal Q4 2022 earnings at 4:30 p.m. Eastern time on Thursday, Oct. 27.
Altria quarterly earnings miss estimates as cigarette maker’s revenue falls
Cigarette maker Altria Group narrowed its earnings guidance for the year as it reported third-quarter earnings and revenue that missed Wall Street estimates.
Southwest says travel demand still strong, warns Boeing delays could continue into 2024
Southwest said delivery delays will determine its schedules going forward.
Comcast tops expectations as it squeezes out a small gain in broadband subscribers
Comcast added 14,000 new broadband customers, a slight rebound from the previous quarter, when it didn’t add any broadband subscribers for the first time ever.
ForexLive European FX news wrap: Dollar finds a footing, ECB up next
<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/welcome-to-ecb-day-20221027/“>Welcome to ECB day</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/eurusd-runs-up-against-key-resistance-with-ecb-in-focus-today-20221027/“>EUR/USD runs up against key resistance with ECB in focus today</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/equities-sluggish-as-bond-yields-keep-higher-so-far-today-20221027/“>Equities sluggish as bond yields keep higher so far today</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/germany-november-gfk-consumer-sentiment-419-vs-419-expected-20221027/“>Germany November GfK consumer sentiment -41.9 vs -41.9 expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/uk-october-cbi-retailing-reported-sales-18-vs-20-prior-20221027/“>UK October CBI retailing reported sales +18 vs -20 prior</a></li></ul><p>Markets:</p><ul><li>USD leads, AUD lags on the day</li><li>European equities lower; S&P 500 futures flat</li><li>US 10-year yields up 5.2 bps to 4.067%</li><li>Gold down 0.2% to $1,661.95</li><li>WTI crude up 0.3% to $88.20</li><li>Bitcoin down 0.7% to $20,604</li></ul><p style=““ class=“text-align-justify“>It was a quiet session for the most part as markets gear towards the ECB policy meeting decision later at 1215 GMT.</p><p style=““ class=“text-align-justify“>After a rally earlier in the week, bonds are losing some ground today with yields pushing higher. In turn, that is pinning equities lower while the dollar is benefiting from the move as it finds firmer footing on the week.</p><p style=““ class=“text-align-justify“>10-year Treasury yields are up over 5 bps to 4.067% with the high during the session hitting 4.086%. That is putting pressure on Nasdaq futures and keeping S&P 500 futures more flattish on the day.</p><p style=““ class=“text-align-justify“>EUR/USD ran up against its 100-day moving average at 1.0087 in Asia trading, before falling to around 1.0030 in European trading as a firmer dollar also helped to nudge the pair lower.</p><p style=““ class=“text-align-justify“>GBP/USD is also pressed down from 1.1630 to 1.1550 during the session, though buyers are still in a good spot after the break above 1.1500 yesterday. Meanwhile, USD/JPY was dragged down to 145.10 early on before rebounding strongly to keep at the highs now near 146.60 as the pair also recovered alongside the firmer dollar.</p><p style=““ class=“text-align-justify“>The antipodeans are the notable laggards with AUD/USD down 0.7% to 0.6450 after a run up against 0.6500 earlier in the day. Falling iron ore prices also isn’t helping with aussie sentiment today, alongside the more sluggish risk mood. NZD/USD is down 0.5% to test 0.5800 after having hit a high of 0.5870 at the end of the Asia Pacific session.</p><p style=““ class=“text-align-justify“>It’s all over to the ECB now to determine the next steps for markets.</p>
This article was written by Justin Low at forexlive.com.
Equities sluggish as bond yields keep higher so far today
<p style=““ class=“text-align-justify“>10-year Treasury yields are at the highs for the day, up 7 bps to 4.084%. The selling in bonds is eating into a big chunk of yesterday’s gains and that is seeing stocks pressured, with Nasdaq futures now down 0.6%. S&P 500 futures are also down 0.1% now and the pressure is also keeping up among European indices. The DAX and CAC 40 are both down 0.8% at the moment.</p><p style=““ class=“text-align-justify“>In turn, the mood is seeing the dollar find firmer footing after the selloff since Friday. EUR/USD is down 0.4% to 1.0035 but still stuck in there in between large option expiries at parity and below its 100-day moving average as noted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/eurusd-runs-up-against-key-resistance-with-ecb-in-focus-today-20221027/“ target=“_blank“>here</a>. The ECB is still the main focus for both the euro and broader market sentiment today.</p><p style=““ class=“text-align-justify“>Elsewhere, USD/JPY has also <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-erases-early-drop-to-turn-flat-on-the-day-20221027/“ target=“_blank“>erased earlier losses to keep flattish</a> close to 147.30 currently while GBP/USD is down 0.5% to 1.1565 now. The aussie is the laggard, down 0.8% to 0.6447 against the dollar as a 4% drop in Dalian iron ore prices is also weighing on the currency alongside the more sluggish sentiment above.</p>
This article was written by Justin Low at forexlive.com.