16 Mins Ago
HSBC is underweight on European equities due to recession risks, strategist says
Max Kettner, chief multi-asset strategist at HSBC, says he’s staying cautious on European equities due to recession risk in the eurozone over the next quarters. That’s why the bank is underweight on European stocks and overweight on U.S. equities, he explained.
2 Hours Ago
Stocks on the move: Delivery Hero up 7%, ABN Amro down 4%
Shares in Delivery Hero jumped 7% in early trade to lead the Stoxx 600, after the German food delivery company raised its full-year revenue outlook and swung to a first-half profit.
Dutch bank ABN Amro fell 4% despite beating second-quarter profit expectations on the back of higher interest rates, with net interest income, fees and operating expenses all in line with expectations.
– Elliot Smith
2 Hours Ago
Positive open for European stocks
The pan-European Stoxx 600 index added 0.7% in early trade, with mining stocks adding 1.5% to lead gains as almost all sectors and major bourses opened in positive territory. Travel and leisure stocks bucked the trend to fall 0.7%.
3 Hours Ago
Here are the opening calls
Britain’s FTSE 100 is seen around 39 points higher at 7,566, Germany’s DAX is set to add around 99 points to 15,874 and France’s CAC 40 is expected to gain around 61 points to 7,330, according to IG data.
10 Hours Ago
CNBC Pro: Outperforming analysts reveal 2 new oil and gas stock picks — with one expected to rise by 35%
10 Hours Ago
CNBC Pro: Alibaba, TSMC and more: Goldman Sachs names stocks to play 3 A.I.-related sectors
Goldman has identified artificial intelligence as one of five themes in Asia-Pacific that it’s positive on.
Its screen picks out AI companies in Asia — in hardware, semiconductors and applications — that could benefit from rising AI demand.
CNBC Pro subscribers can read more here.
— Weizhen Tan
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