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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Strikes and electric vehicle slowdown affect Ford's Q3 earnings

Ford's third quarter earnings have been negatively affected by strikes from the UAW, and they have also announced a slowdown in their investments in electric vehicles.

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(AI Video Transcript)

NatWest Bank

In today's European markets, one stock that you should keep an eye on is NatWest. They have just released their third quarter numbers, and even though interest rates have gone up, their net interest income has remained the same due to tough competition.

Ford's Q3 earnings

On the flip side, Ford's third quarter earnings have been negatively affected by strikes from the UAW, and they have also announced a slowdown in their investments in electric vehicles.Unfortunately, Ford had a tough quarter due to the UAW strike and has delayed their investments in electric vehicles.

Amazon

But it's not all bad news in the stock market. Amazon's stock has actually increased by about 7% in after-hours trading because of the success of their Amazon Web Services. Amazon has reported strong earnings and revenue, surpassing what analysts had estimated. Intel has also reported positive numbers and has announced plans to cut costs.

FTSE 100

In terms of market volatility, the London FTSE 100 and European markets have seen some big declines recently, with levels not seen since March and January. However, there seems to be some interest in buying now, although it is still a small amount.

Asian markets

On the other hand, Asian markets have been performing better with gains seen across the board. On Wall Street, higher yields and a strong economy have caused negative responses in the market.

The Federal Reserve and the Bank of England

Now, let's talk about some upcoming events that could affect the market. Both the Federal Reserve and the Bank of England will be making decisions on interest rates next week. Economists predict that both central banks will keep rates the same. As a recommendation, you might consider going short on the sterling against the USD, as the Bank of England is expected to hint at the potential for downside due to weak economic conditions in the UK.

ExxonMobil and Chevron

Exxon Mobil and Chevron have also released their earnings, with ExxonMobil beating expectations and Chevron showing a decline in revenue for the seventh consecutive quarter.

Gold

Lastly, let's touch on the commodities market. Spot gold has had an interesting week, with its price approaching the $2000 level. Overall, the markets are expecting a positive start to the day's trading.

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. See full non-independent research disclaimer and quarterly summary.

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Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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