Education group Pearson rose 8% after “outstanding” growth in English language learning
Shares of Pearson rose 8% on Monday after the company reported 7% growth in underlying sales over the past nine months, beating market expectations.
The education company said an “excellent” performance in English language learning helped deliver the results, with English courses seeing a 28% growth.
Higher education declined 4%, in line with company expectations.
– Hannah Ward-Glenton
UK 10-year gilt yield falls as UK receives fresh PM
10-year UK Gilt yields are trading at their lowest levels since the mini budget, which roiled the markets in September. 23
The move comes as a former finance minister Rishi Sunak looks ready to become the new prime minister.
The 10-year yield was trading almost 21 basis points lower at 3.846% as of 9am London time.
European Markets: Here are the opening calls
European indices are expected to open higher this morning, with Britain’s FTSE up 23 points to 6,992, Germany’s DAX up 130 points to 12,846, France’s CAC up 50 points to 6,079 and Italy’s MIB up 221 points to 21,647.
CNBC Pro: Oil could go up or down — and these energy stocks are winners either way, says the portfolio manager
Whether oil prices are going up or down, Foord Asset Management’s Brian Arcese says it’s worth investing in energy stocks.
He names a few of his favorite energy stocks, including one that he says will generate a “significant amount of cash” if oil prices stay high.
CNBC Pro subscribers can read more here.
— Wheat Tan
Hong Kong stock moves: Tech drags broader index lower
Chinese tech companies were dragged lower more broadly Hang Seng Index in morning trading with heavyweights such as Tencent and Alibaba each fall by 6%.
meituan 4.87% lost while JD.com also fell by around 6%.
The Hang Seng Tech Index was down 3.49% and the Hang Seng was last down 2.73%.
– Abigail Ng
Big tech earnings reports coming this week
A number of large tech companies are reporting their third-quarter results this week. Due to the size of the market caps of many of these companies, any post-earnings moves are likely to impact the overall market.
alphabet and microsoft report your earnings on Tuesday, followed by metaplatforms On Wednesday. Apple and Amazon will report on Friday.
– Carmen Reinicke
Stock futures rise Sunday night
Stock futures rose Sunday night as Wall Street appears to be continuing its best week since June amid third-quarter earnings season.
Futures, which are linked to the Dow Jones Industrial Average, gained 289 points, or 0.93%, just minutes after futures trading began on Sunday. S&P 500 futures were up 1.18%, while Nasdaq 100 futures were up 1.37%.
– Carmen Reinicke
