Other news

Stocks of technology-oriented megacapital companies dropped due to disappointing results. In contrast, stocks of energy companies continued their rapid rise

Inflation in Europe has been on an unprecedented scale recently. Energy and food prices in the region continue to soar.

The Stock Trader's Almanac reports that October could end the downtrend. November, on the other hand, is often the golden mean in stock markets. So, a new bull market is expected, reversing the bearish trend of previous months.

Analysts at UBS revised their rating on Caterpillar from "Buy" to "Neutral," raising their target price from $225 to $230.

Reuters agency reports that Alphabet Inc Google cancels the requirement of the policy according to which the Indian application developers were obligated to acquire digital goods and services via Google Play automatic billing system.

A new campus of U.S. automaker Ford Motor began its work this Monday, Reuters reports. The campus is located on the outskirts of Mexico City's Naucalpan. The automaker has invested a large sum of $260 million in its opening.

Elon Musk announced Sunday that Twitter would change its user verification procedure. According to Reuters, the American entrepreneur came up with the decision just days after the acquisition of the social media was completed.

Today, on November 1, Uber will release its report for the third quarter of the current financial year. Wedbush’s analysts expect that this report will demonstrate the company’s solid results.

On Monday, the FTSE 100 closed at a fresh five-week high. According to Reuters, the rise in the FTSE 100 can be explained by the fact that the fall of the pound sterling raised the income of such dollar companies as AstraZeneca and Unilever.

On Thursday, stocks of mining and construction equipment maker Caterpillar made their biggest gain of the day.