Ibex 35 is trying to hold at 11,800 with an eye on the US count.
*FINANCIAL MARKETS*
EURO STOXX 50 futures fell 26 points to 4,859, FTSE futures were unchanged at 8,190.5 and Germany’s DAX futures fell 101 points to 19,240 at 0530 GMT. Futures on IBEX 35 rise by 36.5 points (+0.31%), to 11,886.0 points.
US stock and dollar futures rose in the Asian session as investors bet Republican Donald Trump could win the US presidential election, although the race officially remains too close.
Oil prices fell more than 1% while the dollar strengthened on market bets that the US presidential election could go in favor of Republican Donald Trump, while US crude oil inventories rose more than expected.
*COMPANY*
Cox to raise up to $242 million in IPO valued at $1 billion (Reuters)
Gestamp updates its 2024 forecasts to reflect lower growth, lower operating leverage and lower free cash flow generation (Reuters)
The funds propose to submit an exclusive takeover bid for Unir (Expansión).
Satsir proposes to build a hospital in Canada at a cost of 460 million euros (Expansion)
EU antitrust authorities will fine Apple under the bloc’s historic rules aimed at curbing the influence of big tech companies, making Apple the first company to be sanctioned (Reuters)
*ECONOMY AND POLITICS*
Republican Donald Trump defeated Democrat Kamala Harris in Tuesday’s US presidential election in North Carolina and Georgia, according to Edison Research forecasts, as he neared the end of a stunning four-year political comeback since leaving the White House (Reuters).
Republicans took control of the US Senate with victories in West Virginia and Ohio on Tuesday, ensuring Donald Trump’s party will control at least one chamber of Congress next year. The House result was still in doubt (Reuters)
Business damage in flood-hit cities in eastern Spain could amount to more than 10 billion euros, and the credit risk of banks in this region alone reaches about 20 billion euros, representatives of local companies and a representative of the Bank of Spain said (Reuters)
German Chancellor Olaf Scholz’s coalition is at a defining moment as leaders of the three parties meet to reach consensus between their differing visions for economic revival (Reuters).
*AGENDAS*
COMPANIES
Sakir releases third-quarter results ahead of the open.
Logista releases third-quarter results ahead of the open.
EDPR releases third quarter results ahead of the open.
Aedas releases third quarter results.
CENTRAL BANKS
Speech by ECB Vice President Luis de Guindos at the Distinguished Speakers Seminar organized by the European Center for Economics and Finance. (12:00 GMT)
ECB President Christine Lagarde and bank supervisor Claudia Buch will speak at an event marking the 10th anniversary of joint banking supervision. (14:00 GMT)
The US Federal Open Market Committee (FOMC) begins a two-day meeting on interest rates. (until November 7)
The Riksbank, Sweden’s central bank, holds a monetary policy meeting where the Executive Board makes decisions on monetary policy, including the main interest rate. (08:00 GMT)
MACROECONOMIC DATA
Today’s session will be devoted to the publication of the final composite PMI value for the eurozone for October (preliminary data 49.7 points) and for the main economies of the European currency area. On the other hand, we will know the Eurozone producer price index and factory orders in Germany, which is key to assessing the industrial climate of the leading European power. In the US, we’ll see weekly mortgage applications as well as the release of the October Composite PMI, which previously stood at 54.3.