Mixed Start to European Trading As Earnings Roll In; Watches of Switzerland Leads Gains While UBS Posts Loss on Credit Suisse Deal
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European markets had a mixed start Tuesday as positive momentum stalls in the region, with third-quarter earnings rolling in.
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Watches of Switzerland led morning stock gains, up 7%, after reporting higher revenue and expecting to more than double profits by 2028.
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UBS reported a bigger-than-expected third-quarter net loss of $785 million as it integrates Credit Suisse.
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Saudi Aramco posted a 23% drop in third-quarter net profit to $32.6 billion due to lower crude oil prices and volumes.
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China reported worse-than-expected October export drop of 6.4% but surprise import growth of 3% year-on-year.