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.
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