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European Markets Rise On Earnings, Chinese Data - European Commentary

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The European markets rose on Wednesday, as Credit Agricole and Holcim reported better-than-estimated earnings and a report showed China's industrial production increased more than economists expected.

The report released by China's National Bureau of Statistics showed that the Asian country's industrial production increased 16.1% year-on-year in October, faster than the 13.9% rise in the previous month.

Economists had expected output to rise 15.5%. This was the sixth straight month in which industrial output has accelerated on a yearly basis. Industrial output was up 0.8% on a monthly basis.

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DJI at high risk area, unless its BO above the resistance line

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Santo Vibby

DJI at high risk area, unless it's BO above the resistance line, The STO has just entering overbought area and even it had a short tail, shooting star are formed on closing.

Pullback and consolidation are possible to come, but if it's BO above the resistance line, then it'll aiming for a greater rewards

Best regards

Santo Vibby

 

 

ING Group Turns To Profit In Q3 - Update

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Dutch financial firm ING Groep NV  reported Wednesday it turned in a profit for the third quarter compared to prior year's loss, reflecting strong banking segment performance, less severe negative market impacts, and cost savings initiatives amid stabilizing financial market conditions.

ING also said it has made significant progress on its various strategic priorities, including the separation of Banking and Insurance operations and share issue, which were announced last month. ING said that its cost-containment initiatives are on track.

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