2 hours ago
European Market: Click here for the opening call
European stock markets are expected to rise in Friday trading, according to IG forecasts. The UK’s FTSE 100 index is expected to open 20 points higher at 7,491.2, while Germany’s DAX is set to rise 34.5 points to 15,969.4. Data show France’s CAC rose 13.6 points to 7,328.4, with Italy’s MIB suggesting. Increased by 68.5 points to 28,091.0.
— Hannah Ward-Grenton
8 hours ago
CNBC Pro: An aging population is creating huge opportunities, fund managers say.Here’s how he invests
According to fund manager Dani Saurimper, populations around the world are living longer, which opens up more investment opportunities.
“This is an investable area right now, and it will become more and more relevant and obvious as we move forward,” he said in a CNBC Pro Talk last week.
On how to invest in an aging society and which stocks to buy, Saurimper says:
CNBC Pro subscribers can read more here.
— Tan Weizhen
6 hours ago
Factory activity in China continues to be in contraction territory
According to the latest Purchasing Managers Index from the National Bureau of Statistics, China’s factory activity data remained in contraction territory in June.
NBS Manufacturing PMI The index was 49, falling below 50, the dividing line between contraction and growth, for the third month in a row.
The May PMI index fell to 48.8, the lowest level since December. The Chinese yuan fell to 7.26 against the US dollar.
8 hours ago
CNBC Pro: UBS identifies catalyst that could trigger second half stock market decline
UBS strategists have identified a number of factors that could trigger a potential stock market decline in the second half of the year.
The investment bank said many analysts had expected a recession to put stocks at risk, but a recession may be on the horizon.
CNBC Pro subscribers can read more here.
— Ganesh Rao
7 hours ago
Fed recommended inflation gauge released on Friday
The Fed’s favorite measure of inflation, the Personal Consumption Expenditure Price Index, is due to be released on Friday morning.
Economists surveyed by Dow Jones expect core PCE, which excludes volatile energy and food prices, to rise 0.3% on a monthly basis in May, up 4.7% from a year earlier. are doing. April’s index rose 0.4% month-on-month, and on an annualized basis he was up 4.7%.
St. Louis Fed President Jim Bullard pointed out three reasons Behind the reasons the Federal Open Market Committee favors the PCE over the Consumer Price Index. First, PCE considers the substitutions people make when replacing some goods and services with others. Second, PCE covers goods and services more comprehensively. Finally, you can fix his past PCE data.
– Darla Mercado
