Corporate earnings were the main driver of individual share price movement in Europe on Thursday.

Knorr-Bremse shares jumped 6% after the German manufacturer of braking systems for rail and commercial vehicles posted strong sales and profit growth for the first half of the year along with a record order book.

Watches of Switzerland shares rose 5% after the luxury watch retailer matched revenue expectations and reported strong sales growth in the U.S.

At the bottom of the Stoxx 600, Danish facility management company ISS fell more than 6% after its earnings report Wednesday night.

– Elliot Smith

Siemens on Thursday missed third-quarter profit forecasts citing a “normalisation in demand,” particularly in China.

The German conglomerate posted a 4% fall in industrial profit to 2.75 billion euros ($3.02 billion) for the three months to the end of June, below a company-compiled consensus forecast of 2.9 billion euros.

Siemens also reduced its growth projection for its digital industries business to a range of 13% to 15% from a previous target of 17% to 20%.

Orders grew on a nominal basis by 10% year-on-year to 24.2 billion, driven by “sharply higher volume from large orders in Mobility,” while revenue rose 6% annually to 18.9 billion euros.

– Elliot Smith

Novo Nordisk, which makes the weight-loss drug Wegovy, raised its outlook for 2023 Thursday, as it reported soaring sales.

The Danish pharmaceutical company reported a 30% increase in sales (at constant exchange rates) for the first half of this year, while operating profit also rose 32%.

Its diabetes and obesity division performed particularly well, bolstered by interest in its blockbuster injections Wegovy and Ozempic.

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– Hannah Ward-Glenton

Britain’s FTSE 100 is expected to open around 10 points lower at 7,577, Germany’s DAX is seen around 74 points higher at 15,927 and France’s CAC 40 is set to add around 42 points to 7,364, according to IG data.

Japan’s wholesale inflation rate slowed for a seventh straight month to 3.6%, down from June’s revised figure of 4.3%.

Wholesale inflation is measured by the corporate goods price index, which tracks the price companies charge each other for goods and services.

Prices of ceramic, stone and clay products saw the largest increase in July with a 15.2% year on year increase, while prices of lumber and wood products fell the most, recording a 23.1% drop year-on-year.

— Lim Hui Jie

Treasury yields and stocks have more upside ahead — and annuities are yielding more than ever, according to some Wall Street investors.

If you’re an investor, especially one nearing or in retirement, which would be the best source of income?

CNBC Pro subscribers can read more here.

— Weizhen Tan

Bank of America has revealed its year-end price target for India’s Nifty index.

The Wall Street bank said a change in outlook from its U.S. economics team was a key driver behind their India stock market prediction.

In addition, Morgan Stanley also revealed its “top pick” in the Indian banking sector, giving the stock 40% upside.

CNBC Pro subscribers can read more here.

— Ganesh Rao