Germany stocks were lower after the close on Tuesday, as losses in the Software, Telecoms and Retail sectors led shares lower.
On Tuesday posted a 99% jump in third-quarter profit on heavy turnover in global markets, helping the bank to a strong performance in investment banking as well as an unexpected rise in earnings for wealth management.
The deal, expected to come just weeks before the U.S. presidential election, would remove uncertainty for the bank following years of investigations and negotiations with the Justice Department over the firm’s fundraising for the 1MDB investment fund.
Exchange operator Euronext experienced two technical glitches on Monday, one which froze morning transactions in Amsterdam, Brussels, Lisbon and Paris and another at the close, when much of the key trading activity happens.
Australian shares followed global markets lower on Tuesday as record daily coronavirus infections in Europe fuelled fears of more severe lockdowns, with mining, financials and energy stock leading the retreat.
Shares in UBS Group (SIX:UBSG) hit their highest in over a month on Tuesday after the Swiss banking giant ‘s world-beating wealth-management unit drove it to a much higher-than-expected profit in the third quarter.
Bank of America (N:BAC) has named Fernando Vicario as chief executive of its EU bank, based in Dublin, following Bruce Thompson’s decision to relocate to the United States.
Australian shares closed lower on Tuesday, weighed by miners and bank stocks, as surging coronavirus cases in Europe raised the possibility of further restrictions and stoked fears of an onerous global economic recovery.
The MOEX index declined by 0.19%, to 2,794.27 points, while the RTS index rose by 0.2%, to 1,135.12 points.
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