Oil prices were muted today
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European equity markets profited from positive Asian risk sentiment and gained 0.5%‐1%. The move mainly occurred in the opening, after which sideways trading developed. US stock markets also opened around 0.5% higher.
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Euro‐area economic momentum accelerated to the fastest pace this year, adding to evidence that growth is becoming more resilient. The October composite PMI rose to 53.7 in October from 52.6 in September (vs 52.8 expected), IHS Markit said. This is the fastest pace since the beginning of 2016.
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The Belgian government says that it cannot yet give the necessary backing to the European Union's free trade deal with Canada, making it unlikely that the bloc can sign the deal officially on Thursday as planned.
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Oil prices were muted today as details for any coordinated supply deal among the world's biggest producers remained scant, despite the Saudi energy minister saying the Kingdom and Russia "are getting closer" to reaching a common viewpoint.
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AT&T's blockbuster $85.4B deal to buy Time Warner promises to reshape the media landscape—if the companies can navigate a series of obstacles, including possible opposition from U.S. antitrust authorities and objections by lawmakers and media and telecom rivals.
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