The situation is Dubai could affect markets in the short-term by "bringing into question some negativity in the market, perhaps a pullback. I don't think it is the end of the move to the upside. But it does bring some caution into the market," Dodge Dorland, CIO of Landor Capital Management, said Monday. He and Marino Valensise from Barings see this as a buying opportunity.
"The Dubai situation is going to dominate the markets for a couple of weeks," Marino Valensise, CIO of Barings, said Monday. "Institutional investors around the world are looking at their books and seeing where are the opportunities for profit-taking into year end." He sees negative movements in the market from mid-December onwards.
Compass Group beat expectations with its full-year earnings Wednesday after an extensive cost-cutting strategy helped the catering group's bottom line. "The revenue outlook is flattish … but we would expect to grow the margins again," CEO Richard Cousins told CNBC.
Recession-wary consumers are regaining their appetite for ready-meals, according Greencore. Patrick Coveney, CEO of Greencore, told CNBC the outlook for the Irish food company was improving.
Heinz profit fell 16 percent, but the company beat analyst estimates on emerging-market growth. William Johnson, chairman and CEO of Heinz, talks to CNBC.