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​·         Stocks rally in Asia, China property sector worries dampen sentiment​

​Asian stocks largely rallied on Tuesday, following Wall Street’s record highs overnight, though fresh worries about China’s property sector weighed on investors’ sentiments.

MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.15% and briefly touched its highest in six weeks on Tuesday, after gaining throughout October.

Japan’s benchmark Nikkei average gained nearly 1.8%, while Australia’s S&P/ASX 200 closed 0.03% higher.

The CSI300 index inched 0.05% higher led by information technology stocks, but the Hong Kong benchmark Hang Seng Index eased 0.4%.

China property stocks extended their losses in the afternoon sessions as another developer, Modern land, defaulted on a payment, adding to worries about spiralling effects of the debt crisis at China Evergrande Group.

 

·         European markets inch higher, tracking global earnings optimism; UBS beats​

European stocks edged higher on Tuesday, as positive corporate earnings offer a tailwind to global markets.

The pan-European Stoxx 600 added 0.2% in early trade, with retail stocks gaining 0.8% while telecoms slid 0.4%.

 

·         Stock futures are mildly higher after Dow and S&P 500 close at records, big tech earnings on deck

U.S. stock futures were mildly higher in early morning trading on Tuesday as investors await a slew of major technology earnings with the broader market at a record high.

Dow futures rose just 37 points. S&P 500 futures and Nasdaq 100 futures also both traded in positive territory.

 

·         KPN reports Q3 earnings in line with expectations, revenue up 1%

KPN NV (KPN.AS), the largest Dutch telecommunications company, reported on Tuesday third-quarter core earnings in line with expectations and repeated its full-year financial forecasts.

 

·         UBS logs highest quarterly profit in six years on fee bonanza from the wealthy

UBS (UBSG.S) posted its highest quarterly profit since 2015 on Tuesday, as robust trading activity by the world's ultra wealthy led to a 23% surge in fee income.

 

·         Sweden's NENT reports 28% jump in subscribers

NENT, the Swedish media group challenging streaming giants such as Netflix and Disney+ in the Nordics, reported a 28% rise in subscribers, as its plan to expand beyond Scandinavia brought in more viewers.

 

·         Orange's quarterly profits stumble on lower co-investment deals

Orange (ORAN.PA), France's biggest telecoms operator, said third-quarter core operating profit dropped by 0.7% from a year earlier, as sales from lucrative co-investment deals in its home country retreated.

 

·         France's Thales maintains 2021 targets as Q3 sales slip

French defence group Thales reaffirmed full-year financial forecasts as it reported a 1.4% dip in underlying third-quarter sales, dampened by comparisons with the easing of a first wave of COVID-19 lockdowns a year earlier.

 

·         Indonesia sees Q3 GDP growth at 4.5% y/y, warns of future headwinds

Indonesia expects rising exports and a recovery in household consumption to result in economic growth of 4.5% in the third quarter, refining an earlier forecast for 4-5% growth, but headwinds lie ahead, its finance minister warned on Monday.

 

Reference: Reuters, CNBC