- New car sales slowed in Europe in October, following the emissions scandal at Volkswagen (VLKAY). New car registrations, a reflection of sales, in the European Union rose 2.9% in October to 1.1 million vehicles. This was the slowest rate of growth since May.
- Greece reached a tentative deal with its creditors over measures to be implemented for the country to get a next tranche of money from its third bailout. The talks had been dragging on since an initial deadline of mid-October was exceeded.
- Revenues from commodities-related activities fell by 17% at the top 10 investment banks in the first nine months of the year, underscoring the strain placed on various businesses by the slump in commodity prices.
- Europe's second-largest low-cost airline, EasyJet (ESYJY), said it would buy more planes after its profit jumped by 22% in its financial year, which ended in September. Management said they would increase the dividend by 22%.
- The Kremlin confirmed that a bomb brought down a plane bound for Saint Petersburg that crashed in Egypt last month, killing all 224 people on board. The head of the Russia's security service the FSB said it was a "terrorist act."
More from Global Equity
Be sure your cannabis investments have the right CBD strategy, as the market for these products takes off.
All the key equity indexes are up 16% or more this year, as earnings season starts.
Company founders often treat their firms like personal empires even after businesses go public.
There are plenty of negatives out there right now, but the price action still indicates some underlying optimism.