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European markets set for flat open as investors watch earnings, monetary policy

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European markets are set for a flat open as global investors assess the outlook for monetary policy from the U.S. Fed and digest a swathe of corporate earnings.

following losses on the sale of its French business and a rise in bad loan provisions.

The British-headquartered lender saw net income surge on the back of rising interest rates and posted a pretax profit of $3.15 billion for the three months to the end of September, down from $5.4 billion for the same period in 2021 but well above average analyst estimates of $2.45 billion. The sale of the bank's French unit, part of a wider effort to boost profits, resulted in a $2.4 billion hit.UBS reports its latest earnings

 

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