- Morgan Stanley shares rose over 3% after reporting better-than-expected quarterly earnings. The bank posted $1.88 per share, beating the $1.58 estimate, and revenue of $15.38 billion, above the $14.41 billion consensus. Strong performance in wealth management, trading, and investment banking boosted results.
- ASML accidentally released its earnings early, showing better-than-expected sales but much lower bookings. Shares dropped 16% after hours, with further declines in Nvidia, AMD, and Broadcom. ASML shares fell another 4% premarket.
- UK inflation fell sharply to 1.7% in September, below the Bank of England’s target for the first time in over three years. Core inflation also dropped to 3.2%, down from 3.6% in August. GBP weakened against the USD and EUR, increasing the likelihood of a November rate cut from the Bank of England.
