Stock Market News

Investing.com – Saudi Arabia stocks were higher after the close on Monday, as gains in the Media & Publishing, Agriculture & Food and Petrochemicals sectors led shares higher.

Stocks in focus in pre-market trade Monday:

(Bloomberg) -- Bank of America Corp (NYSE:BAC). got another boost from rising interest rates in the third quarter.

By Kate Duguid

(Reuters) - Bank of America Corp (N:BAC) reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender benefited from cost cuts, while higher interest rates and loan growth helped offset weaker bond trading revenue.

DUBAI (Reuters) - Kuwait Airways said on Monday it has signed an agreement with European planemaker Airbus (PA:AIR) to buy eight A330-800neo airliners following five months of negotiations.

By Medha Singh

By Munsif Vengattil and Sonam Rai

FRANKFURT (Reuters) - Bayer's (DE:BAYGn) chief executive is considering farming out certain drug research activities to cut costs amid slower growth at its pharmaceuticals division, the German company's works council said on Monday.

(Reuters) - Bank of America Corp (N:BAC) reported a better-than-expected rise in quarterly profit on Monday as the second-largest U.S. lender reined in costs, while higher interest rates and loan growth helped offset lower bond trading revenue.

FRANKFURT (Reuters) - German prosecutors were searching German sites of carmaker Opel, a division of PSA Group (PA:PEUP), in Ruesselsheim and Kaiserslautern on Monday as part of a probe into diesel exhaust emissions.

Investing.com – United Arab Emirates stocks were mixed after the close on Monday, as gains in the Insurance, Consumer Staples and Transport sectors led shares higher while losses in the Finance & Investment, Telecoms and Real Estate & Construction sectors led shares lower.

U.S. futures pointed to a lower open on Monday as tensions over the the disappearance of Jamal Khashoggi, a U.S. resident and Washington Post columnist, kept investors on edge.

Bank of America reported third quarter earnings that beat analyst's expectations on Monday and revenue that topped forecasts.

COPENHAGEN (Reuters) - Novo Nordisk (CO:NOVOb) has hired AstraZeneca's (L:AZN) head of cardiovascular and metabolic diseases to head its biopharma business, which has been struggling with declining sales and a failed acquisition.

(Reuters) - Activist investor Carl Icahn reported an 8.3 percent stake in Dell tracking stock and urged investors to vote against the proposed buyback by Dell Technologies of shares tied to its interest in software company VMware Inc.

Investing.com – Sri Lanka stocks were lower after the close on Monday, as losses in the Construction & Engineering, Power & Energy and Plantations sectors led shares lower.

Investing.com – India stocks were higher after the close on Monday, as gains in the Healthcare, IT and Technology sectors led shares higher.

FRANKFURT (Reuters) - German prosecutors and criminal investigators searched Opel sites in Ruesselsheim and Kaiserslautern as part of a probe into diesel exhaust emissions, German daily Bild said on Monday.

Investing.com – Indonesia stocks were lower after the close on Monday, as losses in the Basic Industry, Mining and Manufacturing sectors led shares lower.

BRUSSELS (Reuters) - Walt Disney (N:DIS) has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc's (O:FOXA) entertainment assets, the European Commission said on Monday.

By Sudarshan Varadhan and Aditi Shah

(Reuters) - Chinese electric carmaker NIO Inc (N:NIO) said on Monday it delivered 3,268 electric SUVs in the third quarter, exceeding its own target of 2,900-3,000 vehicles.

By Julien Ponthus

LONDON (Reuters) - Japanese carmaker Nissan (T:7201), which operates Britain's biggest car factory, has delayed the start of pay talks with its staff in the country until the terms of Brexit become clearer.