European stocks set to open lower amid earnings; Deutsche Bank beats estimates

Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros , slightly beating expectations despite an 8% fall on the previous year and ongoing struggles in the lender's investment unit.

Earnings are also due from Heineken, AkzoNobel, Lloyds Banking Group and Carrefour. In the U.S. last night, shares of Microsoft jumped after stronger-than-expected results in the fiscal first quarter. Meanwhile, Alphabet shares tumbled as its cloud business missed analysts' estimates.were mixed as investors in the region assessed Australia's third-quarter inflation figures.

Shares of chipmaker Nvidia fell sharply earlier this month after the U.S. government announced new restrictions on exporting advanced artificial intelligence chips to China.

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European stocks set to open lower amid earnings; Deutsche Bank beats estimatesEuropean markets were set to open lower Wednesday after a slew of earnings both in the U.S. and in Europe.
Source: CNBC - 🏆 12. / 72 Read more »

Deutsche Bank Q3 net profit down 8%, but better than expectedDeutsche Bank (DBKGn.DE) posted an 8% drop in third-quarter profit, not as steep as analysts had expected, as revenue at the investment bank slumped but grew at the retail and corporate divisions on the back of higher interest rates, figures on Wednesday showed.
Source: Reuters - 🏆 2. / 97 Read more »