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LIVE MARKETS-Headlines round-up: Earning updates look a mixed bag

Published 01/11/2018, 05:59 pm
Updated 01/11/2018, 06:00 pm
© Reuters.  LIVE MARKETS-Headlines round-up: Earning updates look a mixed bag
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* European shares seen opening mixed

* FTSE to lag as pound 'finds its mojo'

Nov 1 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

HEADLINES ROUND-UP: EARNING UPDATES LOOK A MIXED BAG (0655 GMT)

It's another heavy day for earnings and the updates released so far this morning are somewhat of a mixed bag.

Just take the cheap but unloved banking sector: profit growth at Credit Suisse CSGN.S has lagged estimates even though it rose sharply on falling operating expenses, while ING INGA.AS reported a better than expected profit, as it continued to grow on an underlying basis despite being fined for failures to prevent money laundering.

Also on the watchlist is Lonza LONN.S after news it sold its water care business for $630 mln, while miner BHP BLT.L could get a lift after it stuck to its promise of returning $10.4 bln to shareholders. Here's your headlines roundup:

Credit Suisse Q3 profit jumps 74 pct, lags estimates bank Vontobel says advised client assets rise 19 pct underlying growth continues despite money laundering penalty Re swings to profit in first 9 months despite large claims Nordisk Q3 profit slightly below forecast, nudges up 2018 sales outlook expects further growth after Q3 profit surge Q3 sales beat forecast, confirms lifted 2018 outlook

Lonza sells water care business for $630 mln to return $10.4 bln in buyback, special dividend bonanza antitrust suspends new hand luggage policy at Ryanair, Wizz Air

EasyJet still interested in 'restructured' Alitalia sends antitrust warning to Siemens, Alstom (PA:ALSO) over rail merger Masoni)

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EUROPE SEEN MIXED AS NOVEMBER STARTS, FTSE TO LAG BEHIND (0634 GMT)

After the Halloween rally that made the scary October less terrible, shares in Europe are set to open mixed with the FTSE 100 .FTSE lagging behind on strength in the pound.

"Brexit optimism has returned, and the pound has found its mojo," says Jasper Lawler, Head of Research at LCG. "Comments by Brexit Secretary Dominic Raab that a Brexit deal should be nailed down by 21st November, in addition to reports that a tentative deal has been struck for UK financial services has sent the pound 1% higher across the previous session and overnight".

Raab's department later said that while Nov. 21 was the date suggested by the chair of parliament's Brexit committee, that did not mean a firm date had been set for a deal to be done. Asian stocks as bruised investor sentiment got some relief from another robust Wall Street. are your opening calls, courtesy of LCG:

FTSE to open 30 points lower at 7098

DAX to open 9 points higher at 11458

CAC to open 4 points lower at 5089

(Danilo Masoni)

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