News

Germany's preliminary manufacturing PMI value for October will be released in ten minutes.

Royal Bank of Canada: Lowered its target price for Hermès from €1,600 to €1,500.

France's October composite PMI preliminary reading was 48.4, down from 51.1 in September, hitting a four-month low; France's October manufacturing PMI preliminary reading was 49.3, down from 50.6 in September, hitting an eleven-month low.

France's preliminary composite PMI for October was 48.4, below the expected 50.5 and the previous reading of 51.1.

France's preliminary October manufacturing PMI was 49.3, below the expected 50.5 and the previous reading of 50.6.

France's preliminary October services PMI was 48.4, below the expected 50.7 and the previous reading of 51.2.

Kering Group's European shares resumed trading, and are currently down 10.7%, ranking last in the French CAC 40 index.

France's preliminary manufacturing PMI value for October will be released in ten minutes.

In early European trading, L'Oréal shares rose 4.8% after reporting better-than-expected third-quarter revenue; Italian oil company Eni rose 2.5% after announcing its third-quarter results, a special dividend, and increased share buybacks.

A spokesperson for the Ministry of Foreign Affairs announced that, at the invitation of President Xi Jinping, German President Frank-Walter Steinmeier will pay a state visit to China from October 27 to 31.

The FCHI index opened 12.78 points higher, or 0.16%, at 7824.04 on Friday, October 23; the Euro Stoxx 50 index opened 5.09 points higher, or 0.08%, at 6092.10; and the Spanish IBEX 35 index opened 53.63 points higher, or 0.28%, at 18967.13. The Italian FTSE MIB index opened 235.84 points higher, or 0.49%, at 48,619.50 on Friday, October 23; the UK FTSE 100 index opened 9.97 points higher, or 0.09%, at 10,735 on Friday, October 23; and the German DAX 30 index opened 37.62 points lower, or 0.15%, at 25,334.13 on Friday, October 23.

Commerzbank: The Bank of Japan's policies and capital flows support the yen's strength against the dollar.

The Arab League: We condemn the Houthi attacks on King Fahd Airport and the Shibai oil field in Saudi Arabia. Attacks on airports and oil facilities threaten aviation and energy security. We reiterate our full support for Saudi Arabia and its measures to protect national security.

The Semiconductor Equipment Association of Japan (SEAJ) reported that orders for chip manufacturing equipment in Japan increased by 48.2% year-on-year in September.

Hindustan Petroleum executives say there are difficulties in transporting Venezuelan crude oil to its Rajasthan refinery.

The NI225 closed down 214.68 points, or 0.34%, at 62,693.16 on Friday, October 23.

Data shows that after Russian President Vladimir Putin and US President Donald Trump reached an agreement, a tanker carrying 40,000 tons of Russian diesel fuel sailed to New York.

Market news: The EU is discussing whether to restrict contracts under the Cloud and Artificial Intelligence Development Act (CADA) to European companies.

Morgan Stanley raised its price target for Procter & Gamble (PG.N) from $166 to $185. Deutsche Bank raised its price target for Procter & Gamble from $162 to $176.

Hindustan Petroleum executives: Hope to start processing high-sulfur crude oil at the Rajasthan refinery starting in December.