Stock Market

European stock markets traded in a mixed fashion Thursday, as investors digested the ramifications of political upheaval in Germany and Donald Trump’s return ahead of rate decisions from the Federal Reserve and the Bank of England. 

U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election, though officially the race remained too early to call.

The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.

Crude oil for December delivery was up 1.84% or 1.28 to $70.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.70% or 1.24 to hit $74.34 a barrel, while the December Gold Futures contract fell 0.00% or 0.10 to trade at $2,749.10 a troy ounce.

Crude oil for December delivery was up 0.52% or 0.36 to $68.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.51% or 0.37 to hit $72.53 a barrel, while the December Gold Futures contract fell 0.22% or 6.15 to trade at $2,794.65 a troy ounce.

ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations.

German airline group Lufthansa reported on Tuesday a year-on-year fall in its operating profit in the third quarter, as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.

Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba’s coalition lost its parliamentary majority in a drubbing in Sunday’s election, raising uncertainty over the path for policy and the economy.

Shanghai Power Asset Management Co has apologised to investors and shut its arbitrage strategy after heavy losses, the latest China hedge fund bruised by wild gyrations in the market since authorities vowed to support the economy and hit growth targets.

Investors will study a raft of preliminary Purchasing Managers’ Index readings from the major eurozone countries during Thursday’s session, amid concerns about the region’s growth prospects.