September 22, 2023


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European markets are open to close as traders look forward to earnings season

European markets are open to close as traders look forward to earnings season

one hour ago

Stocks on the move: Electrolux, Icity down 8%; Wisdom increased by 7%.

Shares of Swedish health and hygiene products company Essity and home appliance maker Electrolux fell more than 8% in early trade after missing second-quarter earnings forecasts.

And on top of the Stoxx 600 index, shares of the British pharmaceutical company Hikma rose 7%.

– Elliot Smith

2 hours ago

Cautious opening to Europe, with technology stocks falling on US earnings

The pan-European Stoxx 600 opened 0.2% lower on Thursday, with technology stocks down 2% on weak US earnings, while mining stocks rose 0.8%.

European technology shares followed their US counterparts lower in early trade. Nasdaq 100 futures fell in after-hours trading Wednesday night as Netflix missed second-quarter earnings forecasts, while Tesla CEO Elon Musk and other executives said on an earnings call they expected a slowdown in auto production in the third quarter.

– Elliot Smith

3 hours ago

German producer prices rose year-on-year in June

German producer prices rose 0.1% year-on-year in June, the Federal Statistics Office said on Thursday, slightly beating analysts’ expectations of no annual change.

3 hours ago

Below are the opening invitations in Europe

Britain’s FTSE 100 is expected to gain about 2 points at 7590, Germany’s DAX is expected to open about 2 points lower at 16107, and France’s CAC 40 is set to add about 5 points to 7332.

– Elliott Smith

3 hours ago

China’s state-owned banks are buying yuan to slow declines: Reuters

6 hours ago

CNBC Pro: Goldman Sachs shares its top stock picks for China AI — and the 2 on its list of convictions

Goldman Sachs mentioned Chinese stocks that it says are likely to benefit from developments in generative AI — and two are on the bank’s damning list of Buy-rated names.

In two research notes dated July 16, Goldman provided an overview of the opportunities and risks created by generative AI and selected stocks that would likely benefit.

CNBC Pro subscribers can read more here.

– Lucy Handley

6 hours ago

CNBC Pro: ASML shares are up more than 30% this year. Here is where Wall Street sees the stock heading

Shares of ASML have surged this year amid buzz around semiconductor and artificial intelligence companies — its Netherlands-listed shares have jumped about 32% in the year so far, while its US-listed shares are up about 40%.

But it faces a number of risks, including tensions between the United States and China.

Where will the arrow go from here? CNBC Pro dug into Wall Street research to find out.

CNBC Pro subscribers can read more here.

– Wizen tan