This is a live blog from CNBC covering European markets.
European markets on Wednesday rebounded from mixed trading seen earlier in the week and headed for a positive move.
Overnight, we saw positive momentum elsewhere. Asia Pacific market Tuesday’s widespread declines were followed by a rebound across the region. On the other hand, US stock futures The S&P 500 index rose overnight, while the Dow Jones Industrial Average fell for the second day in a row on Tuesday.
CNBC Pro: Eli Lilly vs. Novo Nordisk: Pros Give Verdict on Viral Weight Loss Stock
It’s been quite a year for both of us. Eli Lilly and novo nordisk Given the boom in weight loss drugs.
Stock prices for both drug companies have risen this year. Eli Lilly’s stock is up about 60% since the beginning of the year, while Danish peer Novo’s Nordisk is up about 50%.
Should investors buy one stock or both? CNBC Pro subscribers can read more from market experts here.
— Amara Balakrishna
CNBC Pro: JP Morgan’s 2023 forecast for European stocks was correct.This is the call for 2024
JPMorgan strategists are making bold claims about how European stock markets will perform next year, following on from their view that 2023 is the right time for European stock market performance.
This forecast comes from the same team of strategists who accurately predicted the MSCI Eurozone’s performance this year. The index is expected to rise by 9.1% in local currency terms by the end of December 2023, ending at 256 points. The index currently stands at 266 points.
CNBC Pro subscribers can read more about the 2024 outlook here.
— Ganesh Rao
CNBC Pro: These 5 stocks are on Goldman’s European Conviction List, with 130% upside potential per stock
Goldman Sachs has released its “Conviction List” of major European stocks for December. One stock in particular stands out for its large upside potential.
Analysts at the Wall Street bank believe the stock could rise 130% over the next 12 months as the company makes major infrastructure investments to improve sustainable free cash flow. There is.
Morgan Stanley and JPMorgan are also bullish on the same stock.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European Market: Click here for opening call
European markets are headed for an upward move on Wednesday.
british FTSE100 The index is expected to open 20 points higher at 7,509. dachshund France, up 60 points to 16,509 CAC Italy, up 28 points to 7,409 FTSE MIB It rose 85 points to 30,192, according to IG data.
Eurozone retail sales figures are due for October, and TUI is expected to announce its results.
— Holly Ellyatt
