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Credit Suisse Stock Dips On Q3 Loss, Q4 Loss Warning; To Raise CHF 4 Bln

Credit Suisse Stock Dips On Q3 Loss, Q4 Loss Warning; To Raise CHF 4 Bln

Shares of Credit Suisse Group AG were losing around 14 percent in the morning trading in Switzerland as well as 11 percent in pre-market activity on the NYSE, after the Swiss banking major reported Thursday a hefty loss in its third quarter, compared to prior year's profit, mainly hurt by weaker performance for Investment Bank. The company also projects a net loss for the Group in the fourth quart
RTTNews | Pred 1068 dňami
European Shares Slip Ahead Of ECB Meeting

European Shares Slip Ahead Of ECB Meeting

European stocks traded mostly lower on Thursday, with tech stocks leading losses after Facebook parent Meta Platforms forecast a weak holiday quarter and significantly more costs next year.
RTTNews | Pred 1068 dňami
CAC 40 Slides As Tech Stocks Drag

CAC 40 Slides As Tech Stocks Drag

French stocks declined on Thursday, with tech names coming under selling pressure after Facebook parent Meta Platforms forecast a weak holiday quarter and significantly more costs next year.
RTTNews | Pred 1068 dňami
DAX Edges Lower Ahead Of ECB Rate Decision

DAX Edges Lower Ahead Of ECB Rate Decision

German stocks edged lower on Thursday ahead of an ECB rate decision, with the central bank expected to announce a 75-bps rate hike to dampen inflation.
RTTNews | Pred 1068 dňami
UK Car Production Falls For First Time In 5 Months: SMMT

UK Car Production Falls For First Time In 5 Months: SMMT

UK car production declined for the first time in five months in September, as output was again restricted by severe supply chain issues affecting manufacturers, the Society of Motor Manufacturers and Traders, or SMMT, said Thursday.
RTTNews | Pred 1068 dňami
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European Economics Preview: ECB Monetary Policy Decision Due

European Economics Preview: ECB Monetary Policy Decision Due

The monetary policy announcement from the European Central Bank is the major event due on Thursday. The central bank is widely expected to hike its benchmark rate by 75 basis points to combat rising inflation. The ECB is also likely to signal hawkish stance on future rate path. The announcement is due at 8.15 am ET.
RTTNews | Pred 1068 dňami
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, boosted by gains in materials and energy stocks amid the spike in commodity prices. Traders also continued to embrace the idea of the US Federal Reserve slowing the pace of interest rate hikes at upcoming meetings. Asian Markets closed mostly higher on Wednesday.
RTTNews | Pred 1068 dňami

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