Today’s global markets: Global stock markets fell on Thursday as investors worried about the escalation of the Israel-Hamas conflict and bleak earnings.
United States earnings
Meta Platforms Q3 earnings: Despite the company reporting higher profit and revenue, the stock fell 2.6%.
UPS Q3 earnings: The stock fell 4.9% after the company cut its full-year earnings forecast.
IBM Q3 earnings: The stock rose 5% after the company reported higher profit and revenue.
Mastercard’s third-quarter earnings fell 5.62%, despite revenue increasing 14% to $6.5 billion.
Harley-Davidson Q3 earnings: The stock fell 6.45% after the company’s profit fell 24% due to a drop in discretionary spending.
Hasbro Q3 earnings: The stock fell 11.65% after the company’s quarterly results fell short of Wall Street estimates for sales and earnings. Today’s global markets
Europe
European stocks recovered some of their early losses on Thursday after the European Central Bank (ECB) kept interest rates unchanged.
The pan-European STOXX 600 index fell 0.5%.
The FTSE 100 in the United Kingdom fell 0.8% to 7,354.57. The DAX in Germany fell 1.1% to 14,731.05. The CAC 40 in France fell 0.4% to 6,888.96.
The ECB maintained interest rates at 4%, ending an unprecedented streak of ten consecutive hikes.
Currencies
The US dollar increased to 150.38 Japanese yen from 150.03 previously. The euro fell from $1.0567 to $1.0561.
Energy costs
On Thursday, the US crude oil benchmark for December delivery fell $2.18 to $83.21 per barrel. Brent crude for delivery in December fell $2.20 to $87.93 per barrel.
The price of natural gas for November delivery increased by 20 cents to $3.21 per 1,000 cubic feet.
The Wall Street Journal
On Thursday, US stocks fell, led by tech and tech-related stocks.
The Dow Jones Industrial Average dropped 251.83 points, or 0.76%, to 32,784.1, the S&P 500 dropped 49.59 points, or 1.18%, to 4,137.18, and the Nasdaq Composite fell 225.62 points, or 1.76%, to 12,595.61.
Alphabet shares fell 9.5%, while Microsoft rose 3.1%.
The 10-year Treasury yield fell to 4.84% from 4.96% late Wednesday.
According to data, the US economy grew 4.9% in the third quarter.
Earnings in Europe
Standard Chartered Q3 earnings: The bank’s third-quarter pre-tax profit fell 33%, causing the stock to fall 12.4%.
Swedbank earnings: The stock fell 6.9% after net interest income fell short of expectations in the third quarter.
Mercedes-Benz earnings: The stock fell 5.8% following a drop in third-quarter profit.
Asia
In Asian stock markets, the Hang Seng Index in Hong Kong fell 0.2% to 17,044.61. The Shanghai Composite rose 0.5% to 2,988.30.
The Nikkei 225 in Japan fell 2.1% to 30,601.78.
The S&P/ASX 200 index in Australia fell 0.6% to 6,812.3 points, while the S&P/NZX 50 index in New Zealand fell 0.3% to 10,848.54 points.
Bullion
The price of gold for December delivery increased by $2.50 to $1,997.40 per ounce. Silver for December delivery dropped 10 cents to $22.91.
