Europe markets up 1.5% with utilities leading gains; UK leadership competition nears deadline

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Prosus sinks 14% on China growth concerns

Pearson education group jumped 8% after ‘outstanding’ growth in English language learning

Pearson shares rose 8% on Monday after the company reported 7% growth in underlying sales over the past nine months, beating market expectations.

The education company said “outstanding” performance in learning the English language helped drive the results, with English courses reporting 28% growth.

Higher education fell 4%, which was in line with company expectations.

— Hannah Ward-Glenton

UK 10-year gilt yield falls as UK prepares for new PM

UK 10-year gilt yields are trading at their lowest level since the mini-budget, which sent the markets into turmoil on September 23.

The move comes as former Finance Minister Rishi Sunak appears poised to become the new prime minister.

10-year yields traded almost 21 basis points below 3.846% at around 9am London time.

European markets: here are the opening calls

European indices are expected to open higher this morning, with the UK’s FTSE up 23 points to 6,992, Germany’s DAX up 130 points to 12,846, France’s CAC up 50 points to 6,079 and Italy’s MIB up 221. points to 21,647.

CNBC Pro: Oil could go up or down, and these energy stocks are winners either way, portfolio manager says

Whether oil prices go up or down, energy stocks are worth investing in, according to Brian Arcese of Foord Asset Management.

He mentions a couple of his favorite energy stocks, including one that he says will generate a “significant amount of cash” if oil prices stay high.

CNBC Pro subscribers can read more here.

— Weizhen Tan

Hong Kong stock movers: Tech drags broader index lower

Chinese tech companies dragged down Hang Seng Index in the morning trade, with heavy hitters like Tencent Y alibaba falling about 6% each.

Meituan lost 4.87%, while jd.com decreased about 6% as well.

The Hang Seng Tech Index was 3.49% lower and the latest Hang Seng lost 2.73%.

— Abigail Ng

Earnings reports from big tech companies due this week

A slew of big tech names are reporting third-quarter earnings this week. Due to the size of the market caps of many of these companies, any subsequent moves in earnings will likely affect the entire market.

Alphabet and Microsoft report earnings on Tuesday, followed by Meta Platforms on Wednesday. Apple Y Amazon Will report on Friday.

—Carmen Reinicke

Stock futures rise on Sunday night

Stock futures rose late Sunday as Wall Street looks to continue its best week since June amid third-quarter earnings season.

Futures linked to the Dow Jones Industrial Average gained 289 points, or 0.93%, just minutes after the start of futures trading on Sunday. S&P 500 futures were up 1.18%, while Nasdaq 100 futures were up 1.37%.

—Carmen Reinicke

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