European markets mixed as traders gear up for U.S. election

Shares successful Burberry were 5.25% higher astatine 8:51 a.m. London clip connected Monday aft a media report implicit the play suggested that its adjacent Moncler is mulling a bid for the British luxury retailer.

Moncler is an Italian luxury marque known for its skis jackets and wintertime coats.

The report, published Sunday connected industry quality website Miss Tweed, was not confirmed by CNBC.

It comes arsenic Burberry has been facing increasing pressures from waning income and a bid of absorption changes. In September, the British retailer dropped retired of the U.K.'s FTSE 100 index.

Both Moncler and Burberry said they don't remark connected speculation.

— Sophie Kiderlin

European markets were mixed, arsenic trading kicked disconnected connected Monday.

The pan-European Stoxx 600 was past 0.02% little astatine 8:11 a.m. London time. Sectors diverged, with lipid and state and mining stocks adding 0.57% and 0.59% respectively, portion tech shares dipped 0.7%.

Regional bourses were besides mixed, with the U.K.'s FTSE 100 past adding 0.33% portion Germany's DAX shed 0.14%.

— Sophie Kiderlin

French vigor institution Schneider Electric has appointed Olivier Blum arsenic CEO, ousting Peter Herweck implicit what the concern described arsenic "divergences successful the execution of the institution roadmap astatine a clip of important opportunities."

Blum, a seasoned worker astatine the company, has been connected the enforcement committee for astir 10 years.

Company Chairman Jean-Pascal Tricoire said that Blum "deeply" understands the concern and is focussed connected "future exertion and strategical development."

He added, "I person implicit assurance successful his quality to pb Schneider Electric successful this caller signifier of focused acceleration, successful enactment with the goals announced during the Capital Market Day."

— Katrina Bishop

SINGAPORE — Asia-Pacific markets roseate Monday arsenic investors geared up for a engaged week that includes the U.S. statesmanlike election, Federal Reserve's monetary argumentation gathering and China's parliament meeting.

South Korea's blue-chip Kospi roseate 1.83% to 2,588.97, snapping a three-day losing streak, portion the small-cap Kosdaq gained 3.43% to adjacent astatine 754.08.

Hong Kong's Hang Seng index was up 0.27% arsenic of its last hr of trade, portion mainland China's CSI 300 roseate 1.41% to extremity astatine 3,944.76.

Australia's S&P/ASX 200 closed 0.56% higher astatine 8,164.6. The Taiwan Weighted Index gained 0.81% to adjacent astatine 22,965.39.

— Anniek Bao

Ryanair CFO Neil Sorahan told CNBC's "Squawk Box Europe" connected Monday that helium hoped that aerial question fares would autumn by little than 5% successful the existent quarter.

The institution posted its fiscal second-quarter results earlier successful the session.

"We're hopeful present that you cognize fares volition commencement to mean somewhat and the declines successful Q3 volition beryllium good down nether 15% of Q1, the 7% successful Q2 and you know, hopefully determination nether 5% successful Q3," Sorahan said.

He besides addressed existent issues for the hose and question industry, saying the biggest contented presently was "trying to get aircraft" amid delays successful deliveries.

— Sophie Kiderlin

Irish fund hose Ryanair connected Monday said its quarterly nett aft taxation fell by 6% to 1.43 cardinal euros ($1.56 billion) successful the 3 months to the extremity of September compared to the aforesaid play a twelvemonth earlier.

Across the 2 astir caller quarters, which marque up the archetypal fractional of Ryanair's fiscal year, the airline's nett aft taxation dropped 18%.

Customer numbers grew 9% implicit the archetypal half, totaling 59.8 cardinal and 115.3 cardinal respectively.

The mean fare fell 7% successful the 3 months to the extremity of September, the hose said, aft tumbling 15% successful the erstwhile quarter. Fares successful the existent 4th are expected to beryllium "modestly lower" than a twelvemonth earlier, it added, noting that guardant booking information indicated beardown request and an easing of terms declines.

— Sophie Kiderlin

European markets are expected to unfastened successful mostly affirmative territory Monday.

The U.K.'s FTSE 100 scale is expected to unfastened 4 points little astatine 8,173, Germany's DAX up 11 points astatine 19,261, France's CAC up 2 points astatine 7,415 and Italy's FTSE MIB up 74 points astatine 34,507, according to information from IG.

Earnings are acceptable to travel from BioNTech and Ryanair and information releases see European manufacturing purchasing managers' scale figures.

— Holly Ellyatt

China's blistery electrical conveyance marketplace has been gaining capitalist interest, and 1 expert sees imaginable for the assemblage to turn further.

"China's EV marketplace is the largest successful the satellite and besides delivers accelerated growth," Vincent Sun, elder equity expert astatine Morningstar said.

Sun remains affirmative connected the sector's maturation pursuing a 31% year-to-date leap successful EV income to astir 8 cardinal units astatine the extremity of the 3rd quarter. This translates to a penetration complaint of 49% of China's car marketplace successful September.

Sun, on with Jason Hsu, laminitis and main concern serviceman astatine Rayliant Global Advisors, stock their instrumentality connected the sector.

CNBC Pro subscribers tin work much here.

— Amala Balakrishner

An outperforming money manager who antecedently sold Meta Platforms shares implicit concerns astir the company's virtual world investments is present bullish connected the exertion giant's artificial quality strategy.

Stephen Yiu, main concern serviceman of Blue Whale Growth Fund, revealed that his money had antecedently sold retired of Meta Platform shares successful 2022 owed to doubts implicit the company's Metaverse strategy. He is present backing Meta's plans to walk billions connected AI.

CNBC Pro subscribers tin work much here.

— Ganesh Rao