7 hours ago
CNBC Pro: Goldman strategist says one country offers ‘the most fertile soil for picking stocks’ and shares favorite stocks
Cole, the investment bank’s vice president of Asia-Pacific portfolio strategy, told CNBC’s Street Signs Asia on Friday that it’s time for investors to consider returning to important international markets.
“The level of interest, especially from global investors, has been extraordinary,” he said.
Koul explains why now is the time and shares stocks to consider.
CNBC Pro subscribers can read more here.
— Tan Weizhen
6 hours ago
China factory activity growth slows in June: Caixin survey
Growth in China factory activity slowed in June, according to a Caixin/S&P Global private survey.
The country’s manufacturing Purchasing Managers Index fell to 50.5 in June from 50.9 in May, but slightly above the 50.2 forecast of economists polled by Reuters.
National Bureau of Statistics of China reported last week The country’s official manufacturing PMI was 49.0 in June and 48.8 in May.
— Lim Hui Jie, Clement Tan
9 hours ago
Tesla tops delivery times and production expectations
Tesla said over the weekend that second-quarter vehicle production and deliveries exceeded analyst expectations.
The company announced on Sunday that it delivered 466,140 vehicles and produced a total of 479,700 vehicles.
The figure means that the electric car maker increased capacity and production at its assembly plant in Austin, Texas, resulting in an 83% year-over-year increase in deliveries.
It’s the fifth straight quarter that Tesla has reported making more cars than it delivers.
— Samantha Soobin
9 hours ago
AI has boosted the market this year.How investors can spot opportunities in the second half
Enthusiasm for artificial intelligence and the potential of generative AI contributed to the market rally so far in 2023.
As the second half of the year kicks off and tech stocks are well above where they started the year, some investors are starting to wonder where they’ll find an opportunity to ride the next boom.
CNBC Pro subscribers can read more about how investors who miss the boat are betting on AI in the second half here.
— Samantha Soobin
1 hour ago
European Market: Click here for the opening call
European stock markets are expected to start higher at the beginning of the new trading week, according to IG data. The UK’s FTSE 100 index is expected to rise 24.2 points to 7.555.4, while Germany’s DAX index is expected to rise 37 points to 7.555.4. 16,184.9.France’s CAC is expected to rise 16.3 points to 7,422.9 points, Italy’s MIB It is expected to rise 67.5 points to 28,415.0.
— Hannah Ward-Grenton
