21 minutes ago
UK inflation could fall to 2.5% 9-12 months from now, investment services firm says
Kevin Boscher, chief investment officer at Ravenscroft, said he expects inflation to drop “from here on”.
1 hour ago
‘Quite frustrating’ time for many traders, strategist says
Charu Chanana, market strategist at Saxo Markets, says the market is struggling to find direction and is facing a “Goldilocks situation.”
2 hours ago
Don’t assume all banking risk is gone, advisers say
Paul Gambles, co-founder and managing director of MBMG Group, discusses the challenges facing markets and economies.
3 hours ago
Stocks in action: Worldline, Heineken up.Just East Falls
Payment services firm Worldline outperformed the Stox 600 Index in morning trading, gaining 5.7%. report Entered into negotiations with Crédit Agricole for a joint venture in the French digital payments market.
FX fintech Wise also rose as it reported lower-than-expected fourth-quarter volume after its share price fell on Tuesday.
Heineken, on the other hand, has since risen 3%. reconfirmation It reports full-year guidance and first quarter revenue growth of 9.2%.
See chart…
World line stock price.
On the other side of the index, food delivery company Just Eat fell 4.3%. report Decrease in number of orders and total transaction value.again announced A share buyback program of up to €150 million.
Swedish steel processor Ssab has since fallen 10.8%. Confirmed Dividend of SEK 8.70 ($0.84) per share for 2022. ex-dividend date.
— Jenny Reed
4 hours ago
European stock markets open lower
The European benchmark Stoxx 600 index fell 0.22% in early trade, while tech stocks fell 1.2%.
The index hit a 14-month high on Tuesday.
The UK FTSE 100 was down 0.3% and Germany’s DAX was down 0.2%, while France’s CAC 40 was up slightly at 0.05%.
See chart…
Stocks 600 index.
5 hours ago
UK inflation beats expectations at 10.1%
UK inflation unexpectedly topped 10% in March, raising hopes that the Bank of England will raise by 25 basis points at its May meeting.
Bloomberg | Bloomberg | Bloomberg | Bloomberg | Getty Images
UK inflation unexpectedly held above 10% in March, raising hopes that the Bank of England will raise by 25 basis points at its May meeting after wage growth was slower than expected.
The consumer price index fell to 10.1% from 10.4% in February, but ahead of a drop to 9.8% expected by economists polled by Reuters.
Motor fuel, housing and domestic services contributed to the downside, while food and recreation/culture became more expensive.
Prices were up 0.8% month-on-month.
Core CPI, which excludes energy and food, was flat at 5.7%.
— Jenny Reed
7 hours ago
CNBC Pro: Morgan Stanley predicts ‘solid’ first quarter for these five European stocks, but there are problems
Morgan Stanley expects first-quarter earnings for European companies to beat market expectations, citing better-than-expected macro news streams over the past few months.
However, Wall Street banks also expect weakness from several factors, including a slowing economy, headwinds from a stronger euro, and shrinking profit margins.
Investment bank strategists also named a handful of “high confidence” stocks that are expected to outperform in the first quarter.
CNBC Pro subscribers can read more here.
— Ganesh Rao
12 hours ago
CNBC Pro: Bank of America is doubling down on this semiconductor stock, leading to a 50% gain
After a tough 2022, semiconductor stocks are doing well this year.
The iShares Semiconductor ETF, which tracks the sector, is up about 22% year-to-date, nearly triple the return of the S&P 500 this year.
Nvidia was arguably one of the biggest winners in this space this year, but Bank of America is betting on a lesser-known chip stock.
Pro subscribers can read more here.
— Xavier Ong
12 hours ago
CNBC Pro: According to Credit Suisse, these six global stocks are “Buffett-style” picks.
According to Credit Suisse, Warren Buffett’s Berkshire Hathaway has withdrawn its stake in five Japanese stocks. This bodes well for Japanese investors.
In light of these developments, Credit Suisse analysts said in a memo that they had selected Japanese stocks that were “Buffett’s picks,” i.e. stocks that had characteristics typical of Buffett’s holdings.
Here are 6 of them.
CNBC Pro subscribers can read more here.
— Tan Weizhen
7 hours ago
European Market: Click here for the opening call
European markets are flat heading into Wednesday’s opening.
The UK’s FTSE 100 Index is expected to start 3 points higher at 7,910, Germany’s DAX is up 11 points to 15,877, France’s CAC is down 1 point to 7,532 and Italy’s FTSE MIB is expected to start 24 points higher at 27,357, according to IG data. I’m here.
Revenue will come from Saipem and L’Oreal. Data releases include UK inflation for March and his final Eurozone inflation data for March.
— Holly Eliyat