* SHORT SELL BANS: Italian and Spanish financial market regulators extend temporary bans on short selling of financial shares, Spain will expand until market conditions allow to amend, Italy will expand till Nov 11th
* HONG-KONG: Hong Kong shut financial markets, schools, courts and government offices after raising its highest storm signal in two years as Typhoon Nesat swept gale-force winds and rain into the city.
* GERMANY: German lawmakers are set to back an expansion of the euro-area rescue fund ’s firepower as European officials turn to look at what next steps may be needed to stem the debt crisis.
* GERMAN BANKS: Plans to introduce a European financial-transactions tax is a “mistake,” according to the BdB Association of German Banks. “Such a tax is dangerous for European financial markets and ultimately puts at risk economic growth,” said Michael Kemmer, general manager of the BdB.
* DEUTSCHE TELEKOM: Reuters reports that DT is rethinking its investments in Germany and that the company will introduce more “capex efficient” plans shortly. The revised plans aim to reduce vendor prices, make the network infrastructure more efficient and be more selective with new investments.
* LUFTHANSA: The German government said the introduction of an emissions- trading system should be delayed if a “competitively neutral” solution cannot be found for European airlines, Frankfurter Allgemeine Zeitung reported, citing a letter from Angela Merkel’s Chief of Staff Ronald Pofalla to the association for the German air industry.
* BP: Europe’s second-largest oil company is considering selling its 36.9 percent stake in the Atlas Methanol plant, its joint-venture with Methanex, Deal Reporter reports.
* HSBC: The bank is seeking to sell its global general insurance unit and has approached European and Japanese insurers, the South China Morning Post reported, citing unidentified people familiar with the situation.
* RBS: Banco Santander may buy more than 300 branches from Royal Bank of Scotland for about 100 million pounds less than the price originally agreed, Sky News reported, without saying where it got the information.
* EDF: The power generator said it would order 44 steam generators for nuclear reactors.
* TECHNIP: The company said it won a “major” contract from Petroleos de Venezuela.
* REPSOL: Following the creation of the Pemex/Sacyr shareholder pact Repsol’s Board of Directors met yesterday. Board expressed confidence in Chairman and top management, emphasised the preservation of the independence of Repsol, urged Pemex and Sacyr to terminate their agreement; resolved to study corporate governance to strengthen the company against conflicts of interest.
* H&M: BEAT. The comapny reported third-quarter earnings that fell less than analysts expected as costs to operate comparable stores dropped.
* UPGRADES: Oneok (Wells Fargo). Public Bank (RHB). CEZ, Metso (JPM). Nufarm (CS).
* DOWNGRADES: Electrocomponents, HSBC, Man Group, Nobel Biocare, Premier Farnell, Standard Chart, Straumann (UBS).Fortum (JPM). Lancashire, Unite (BofA). Man (RBS).
* CORP DIARY: H & M Q3 Results, Compass Group Q4 Pre-close Trading Statement, Renault SA AGM, Ryanair AGM, SEB AGM, ICAP plc FY Trading Statement, London Stock Exchange Pre-close Statement, ASOS Plc AGM, Aer Lingus Analyst Day
* MACRO DIARY: EC – Eurozone Consumer Confidence (10:00). UK – Nationwide House Prices (7:00), Mortgage Approvals (9:30). GE – Unemployment Rate. US – GDP (13:30), Personal Consumption (13:30), Initial Jobless Claims (13:30). Speakers: Fed’s Rosengren (7:50). ECB’s Nowotny (9:15). Fed’s Plosser (13:45). Fed’s Lockhart (18:00).