This is a live blog from CNBC covering European markets.
European markets are expected to start a new trading week on Monday with a mixed regional outlook.
Last week, regional markets ended the week higher on the back of investor appreciation. Latest inflation data outside the euro area According to the report, the composite consumer price index in February fell to 2.6% from 2.8% in January. The headline forecast from economists compiled by Reuters was 2.5%.
In Asia-Pacific markets on Monday, Japan’s Nikkei Stock Average It exceeded the 40,000 mark, rising 0.46% and marking a postwar high. S&P500 And that Nasdaq Composite It hit a new all-time high on Friday.
Oil prices rose slightly overnight. west texas intermediate Oil giants Saudi Arabia and Russia, along with other major OPEC+ producers, saw oil prices briefly surpass the $80 mark. Extend voluntary oil supply cuts Until the end of the second quarter.
US stock futures Stocks were little changed Sunday night after the tech-heavy Nasdaq Composite Index hit an all-time high on Friday, breaking a 2021 record as the stock market looks to continue its multi-week rally. There wasn’t.
CNBC Pro: Dan Niles reveals why he likes ‘Fantastic Four’ and when the ‘AI bubble’ will burst
Hedge fund manager Dan Niles reveals why he likes Like. Nvidia, Meta, microsoft and Amazon After 2024 tesla, apple and alphabet.
Niles used the similarities between the launch of Netscape’s web browser in 1994 and ChatGPT in late 2022 to get a hint of how far the stock could rise further.
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— Ganesh Rao
Japan’s Nikkei Stock Average exceeds 40,000 yen for the first time as record increases continue
Friday, February 16, 2024, at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group, Inc. (JPX), Tokyo, Japan. Kosuke Okahara/Bloomberg via Getty Images
Japan’s Nikkei Stock Average hit another all-time high on Monday, exceeding the 40,000 yen level. The index had previously risen 0.8%.
The benchmark index continued its record rise, hitting a new high for the first time in 34 years.
Both the Nikkei Stock Average and the broader Topix index are among the top performers among major stock markets in the Asia-Pacific region. The Nikkei average is up more than 20% since the beginning of the year, and the TOPIX is up nearly 15%.
Strong profits and Investor-friendly measures Japanese government policies have accelerated the ferocious rise in stock prices this year.
The broad-based Topix rose 0.1% on Monday after hitting a record high above the 2,700 mark last Friday.
— Shreyashi Sanyal
CNBC Pro: Veteran investor picks ‘Glorious 10’ global stocks that have returned 30% annually over the past five years
Investors say “Magnificent Seven“KK: alphabet, Amazon, apple, meta platform, microsoft, Nvidia and tesla.
Collectively, these stocks were responsible for much of the rally that pushed the benchmark higher. S&P500 In 2023, the index will rise by about 25%.
But veteran investor and trader Adam Reynolds is looking beyond US technology to 10 lesser-known gems from Europe, Japan and Australia.
these The stock has a market capitalization of more than $50 billion and has experienced a total annual growth rate of at least 30% over the past five years.
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— Amara Balakrishna
European Market: Click here for opening call
European markets are set to start the week mixed.
british FTSE100 The index is expected to open 15 points lower at 7,673. dachshund France, up 22 points to 17,754 CAC This is 10 points higher than Italy’s 7,937. FTSE MIB It rose 17 points to 32,974, according to IG data.
I don’t have a big income. The data release includes Turkey’s inflation statistics for February.
— Holly Ellyatt
