Bloomberg Credit Agricole SA got a boost from clients selling bonds and set aside less money for expected bad loans, joining peers in taking a benign view of the pandemic as Europe enters a second phase of lockdowns. Revenue from capital markets, the biggest driver of Credit Agricole’s investment bank, surged 25% in the third quarter to beat analysts’ highest ...

Bloomberg BNP Paribas SA got a bigger-than-expected boost from trading and painted a relatively optimistic picture of the pandemic’s impact on its loan book, as it joined European peers in signalling an eventual return to dividend payments. Third-quarter revenue from trading fixed income, currencies and commodities surged 36% to 1.25 billion euros ($1.45 billion), the Paris-based bank reported, surpassing the ...

Bloomberg State Bank of India (SBI) reported better-than-expected profit as the nation’s largest lender set aside fewer provisions for non-performing loans. The bank’s net income jumped 52% to 45.7 billion rupees ($610 million) for the three months to September, beating the 36.9 billion rupee average estimate of 11 analysts surveyed by Bloomberg. SBI set aside 101.2 billion rupees in provisions ...

Bloomberg Deutsche Bank AG had the outlook on its credit rating lifted by Moody’s Investors Service, which said Germany’s largest bank may finally be able to execute on a strategic plan after years of setting targets and then missing them. The lender’s “senior management and staff have laid the foundation for a sustainable turnaround,” Moody’s analyst Michael Rohr wrote in ...

Bloomberg S&P 500 futures fluctuated while Treasuries jumped amid concern that the US is heading for a contested election after President Donald Trump called for the Supreme Court to intervene. Contracts on the benchmark stock index swung from losses to gains. Futures on the tech-heavy Nasdaq 100 remained up more than 1.5% for most of the Asian and European day. ...

Bloomberg India stocks gained in volatile trading amid vote counting in the US elections. The S&P BSE Sensex rises 0.5% to 40,477.73 as of 2:03 pm in Mumbai, after climbing as much as 1% and dropping as much as 0.5%. The NSE Nifty 50 Index added 0.5% after swinging between gains and losses. “Our market is going to follow global ...

Bloomberg South Africa’s main stock benchmark swung between gains and losses as investors responded to the possibility that the US is heading for a contested election. The benchmark index was 0.9% higher as of 10:04 amin Johannesburg, after falling as much as 0.8%. An index of South African banks slid as much as 3.6% as the rand weakened against the ...

Bloomberg Oil rises as broader markets rallied and Opec+ inched closer to delaying a planned easing of output cuts. Futures in New York traded near $38 a barrel after climbing 3.3%, extending gains from the previous session. Equities strengthened ahead of the US election, while the dollar lost 0.5%, adding to positive sentiment in crude. Russian oil companies met Energy ...

Bloomberg The Dutch natural gas market is reinforcing its position as one of the most important trading hubs in the world. Trade on the Dutch Title Transfer Facility (TTF), as the market is known, is surging as Europe increased imports from Russia, Norway and further afield via liquefied natural gas tankers. Natural gas futures open interest, a tally of outstanding ...

Bloomberg Royal Dutch Shell has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in the world’s second-largest economy. Shell has agreed to buy the stake it didn’t already own in Chongqing Doyen Shell Petroleum & Chemical Co and completed the deal on October 19, ...