LONDON, Nov 1- Brent crude oil futures fell to around $108.40 a barrel on Thursday as investors assessed the aftermath of super storm Sandy.
Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).
This pro says don't expect Sandy to buffet currencies the way it has the northeast.
WASHINGTON, Nov 1- U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy. Payrolls processor Automatic Data Processing said private employers added 158,000 workers last month.
NEW YORK, Nov 1- The pace of growth in the U.S. manufacturing sector picked up modestly in October as new orders improved, though a measure of employment slowed, an industry report released on Thursday showed.
Data over the past month has shown the health of the global economy remains fragile, with retail sales and the housing market pointing to an improvement in the United States but Europe is still struggling.
*Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.
LONDON, Nov 1- Brent crude oil futures fell to $108 a barrel on Thursday as investors continued to analyse the aftermath of super storm Sandy.
Don't look now, but China may be stepping away from its practice of controlling the level of the yuan.
LONDON, Nov 1- European shares rose on Thursday, bolstered by relatively robust earnings reports despite economic weakness, while the euro was flat as uncertainty over how the euro zone will handle crises in Spain and Greece dragged on.
LONDON, Nov 1- Copper rose for a third day on Thursday, helped by data that showed a glimmer of recovery in big metals consumer China and other Asian economies, but gains were tempered by concerns about demand and Europe's grinding debt crisis.
Still, Estee Lauder reported a higher than expected quarterly profit, helped by large gains in U.S. and China that helped make up for weakness in Europe. The company reported net profit of $299.5 million, or 76 cents a share, in the first quarter, ended Sept. 30, compared with $278.6 million, or 70 cents a share, a year earlier.
Worried about the macro problems in Europe and the U.S., investors have become far too bearish, legendary hedge fund manager Julian Robertson told CNBC on Thursday.
Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years and reporting a steep plunge in third-quarter earnings.
China's manufacturing sector grew to a four-moth high in October, a level suggesting the world's second largest economy is in expansion mode. The official Purchasing Manager's Index rose to 50.2 last month versus 49.8 in September; a number above 50 indicates expansion.
CNBC's Rick Santelli talks to Yra Harris of Praxis Trading, about the reliability of China's PMI data.
As China’s economy slows, shoppers are slowly overcoming the stigma of wearing“pre-owned” luxury goods.
*Super storm Sandy seen impacting fuel demand on US East Coast. LONDON, Nov 1- European oil futures fell on Thursday as investors continued to analyse the aftermath of super storm Sandy, while U.S. futures gained as U.S. markets geared back up after the severe battering to the east coast delivered by Sandy.
*Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.
LONDON- Britain threatened on Thursday to veto any deal on the European Union budget that is not good for the British taxpayer, a day after a humiliating defeat in parliament undermined Prime Minister David Cameron's authority.