Market Pulse - Europe
Adidas slashes earnings again after break-up with Kanye West
Adidas took the secateurs to its earnings guidance for the fourth time this year on Wednesday, after its recent divorce from Kanye West following a string of antisemitic claims by the rapper and designer.
Rabobank chops 12-month forecast for euro-dollar
Analysts at Rabobank took an axe to their forecasts for euro/dollar in 2023, telling clients that the currency had yet to price in the fallout of the Continent's energy crisis.
German industrial production rises 0.6% in September
German industrial production unexpectedly rose in September, according to federal statistics authority Destatis, beating market forecasts with a 0. 6% month-on-month increase.
Europe close: Stocks jump on reports of China easing some Covid-19 curbs
European shares surged on reports that China was set to ease some of its tough Covid curbs and despite weak eurozone survey data.
SocGen tops expectations for third-quarter net earnings
French banking giant Societe Generale beat expectations on its reported third-quarter net earnings on Friday, which came in at €1. 5bn - well ahead of the €1bn analysts had pencilled in.
Europe close: Stocks slip after Fed and BoE rate hikes
European equities were modestly lower on Thursday as investors digested the US Federal Reserve’s suggestion overnight that rates could continue to rise for longer and the Bank of England piled more misery on UK mortgage holders with a 75 basis-point increase.