ASML CEO said upgrades to the installed base of machines are an important revenue opportunity.

BYD said the second China-EU Trade and Investment Consultations in the automotive sector produced an important consensus that effectively managed trade disputes, avoided escalation, and balanced industry realities and legitimate concerns on both sides. The company said the outcome creates a stable, predictable and sustainable framework for China-EU hybrid vehicle trade. BYD added it will continue to pursue technological innovation and emissions reductions and expects to cooperate with domestic peers to support the orderly internationalization of China’s auto industry.

Morgan Stanley (MS.N) reported third-quarter net revenue of $20.34 bln, versus expectations of $19.89 bln.