European markets open to close, earnings, data and news

Natwest down 7% after reporting flat third quarter results

Natwest was down 7% after reporting flat third-quarter results.

The British bank reported a £1.1 billion ($1.3 billion) profit, just missing analyst forecasts.

NatWest has set aside a further £247m to reflect the tough economic outlook in the UK, which has eaten into profits.

— Hannah Ward-Glenton

We’re seeing a “mitigation of growth,” not a slowdown, says Bank of America CEO

Bank of America’s CEO Brian Moynihan said that we are seeing “a mitigation of growth” rather than a slowdown in an exclusive interview with “Squawk Box Europe.”

Watch CNBC's full interview with Bank of America CEO Brian Moynihan

Coming up: Bank of America CEO Brian Moynihan live on “Squawk Box Europe”

Bank of America CEO Brian Moynihan will give an exclusive live interview on CNBC’s “Squawk Box Europe” at 8:00 a.m. London time.

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The bank released its third quarter earnings on October 17 and emphasized that the resilience of the American consumer is a reason to lower the concerns for an economic recession.

You can watch the interview live on CNBC here.

— Hannah Ward-Glenton

European markets: Here are the opening calls

CNBC Pro: Tech stocks are tumbling but one fund manager still loves Microsoft. Here’s why

Tech stocks have tumbled this week, as investor optimism fades after disappointing results from some of the sector’s biggest names.

But fund manager Brian Arcese is standing by MicrosoftCall it a “tough long term defensive hold.”

Pro subscribers can read more here.

– Xavier Ong

CNBC Pro: There’s a lot of pain ahead for markets, strategist warns

Investors should think twice before chasing the latest bounce in stocks, according to one strategist.

“I think the market rally is a breathing space rally,” Beat Wittmann, chairman of Switzerland’s Porta Advisors, told CNBC.

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CNBC Pro subscribers can read more here.

Jenny Reid

Chip stocks fall after US. it. Official says allies may soon impose export limits on China

Bank of Japan keeps interest rates on hold as expected

The central bank of Japan left interest rates unchanged on Friday, in line with forecasts of economists in a Reuters poll.

The Bank of Japan also said it would buy necessary amounts of fixed-rate Japanese government bonds to keep 10-year JGB yields at 0%.

“The bank will support financing, mainly of firms, and maintain stability in financial markets, and will not hesitate to take additional easing measures if necessary,” it said in its monetary policy statement.

– Jihye Lee


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