HSBC beats third quarter estimates
HSBC is the first of the big UK banks to report, and it beat Q3 estimates, with credit losses offset by interest gains.
Indices overview
The Volatility Index (VIX) is at three week lows after gains again on Wall Street and across much of Asia.
Europe is holding most of Monday’s gains and is expected to open mixed.
The Hang Seng TECH Index is up by a record percentage move.
Forex markets
After two days of volatility in USD/JPY (大口）, on speculation of intervention, the pair is little move today.
The dollar is little moved at near three week lows.
Earnings overview
HSBC is the first of the big UK banks to report, and it beat third quarter (Q3) estimates, with credit losses offset by interest gains.
Elsewhere Whitbread and Swiss bank, UBS both beat estimates.
It's a really big day for US earnings today with reports expected from Microsoft , Alphabet , and General Motors .
Commodities
On the commodity front gold and oil are little moved while iron ore is challenging three month lows.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
