44 minutes ago
European stocks start higher
European stock markets opened higher on Wednesday, with the Stoxx 600 index up 0.6% as of 8:20 a.m. London time, with all sectors rising.
Germany's DAX and Britain's FTSE 100 both rose about 0.6%, while France's CAC40 rose 0.5%.
See chart…
STOXX 600 index.
1 hour ago
Norway's inflation falls more than expected
The Royal Palace beyond the shops and restaurants along Karl Johans Gate in Oslo, Norway, Tuesday, October 17, 2023.
Bloomberg | Bloomberg | Getty Images
Inflation in Norway eased more than expected in March, according to data released by the country's statistics office.
The headline interest rate fell to 3.9% from 4.5%, lower than the 4.2% expected in a Reuters survey of economists.
Core inflation, which excludes energy and adjusts for taxes, was also lower than expected, falling to 4.5% from 4.9%.
Norges Bank left interest rates unchanged in March and said it expects them to remain unchanged until the fall.
Bartosz Sawicki, market analyst at Konotoxia, said: “Price pressures in Norway are falling faster than expected. Norges Bank plans to start the easing cycle in the fourth quarter. “This has fueled speculation that the financial authorities may soon abandon their hawkish stance.” said in a memo.
He added that he did not expect any rate cuts from 16-year highs until December, given strong wage growth, a strong economy and the Norwegian krone's “lack of significant recovery”.
— Jenny Reid
3 hours ago
Fitch downgrades China's outlook to 'negative', maintains A+ rating
Ratings agency Fitch revised its outlook for China from “stable” to “negative,” citing “increasing risks to China's fiscal outlook.”
The agency said in a report that the country faces an increasingly uncertain economic outlook and a shift away from real estate-dependent growth.
Moreover, fiscal buffers have been eroded by widening fiscal deficits and rising government debt in recent years, and debt is likely to continue to rise as fiscal policy plays an increasingly important role in supporting growth in the coming years. he pointed out.
However, Fitch affirmed its 'A+' rating for China, citing supporting factors such as China's large and diverse economy, robust GDP growth prospects relative to its peers, and integral role in global merchandise trade.
— Lim Huijie
8 hours ago
CNBC Pro: Here are 3 dividend stocks with the potential to generate passive income, says fund manager
In a market where reliable sources of passive income are hard to find, two fund managers shared their insights on dividend stocks that offer attractive yields and growth potential.
Matt Burdett, Portfolio Manager at Thornburg Investments, looks for companies with the ability and desire to pay dividends, with a focus on cash generation and resilient business models.
Meanwhile, Keeley Teton portfolio manager Brian Leonard told CNBC Pro that he looks for high-quality companies that pay dividends and trade at a discount to their “intrinsic value.” He also mentioned the spin-off situation as an investment opportunity.
CNBC Pro subscribers can read more about stock picks here.
— Ganesh Rao
8 hours ago
CNBC Pro: These global stocks are the most overbought and could fall back
After a bullish outlook for 2023, the market may have been up for much of this year, but stocks fell back last week.
However, overall, markets including global stocks remain in significantly positive territory.
The relative strength index (RSI), which measures the magnitude and speed of price movements, can be used by investors to determine whether a stock is overbought.
A stock with a 14-day RSI above 70 may be overbought and could be due for a pullback.
CNBC Pro screened the S&P 500 and Vanguard FTSE All World Ex-US ETF as the most overbought stocks using a 14-day RSI above 70.
CNBC Pro subscribers can read more here.
— Tan Weizhen
Monday, April 8, 2024 23:45 EDT
European Market: Click here for opening call
European markets are set to open at Tuesday's lows.
According to IG data, the UK's FTSE 100 index is expected to open six points lower at 7,936, Germany's DAX is expected to drop 49 points to 18,263, France's CAC is down 17 points to 8,103 and Italy's FTSE MIB is expected to open 6 points lower at 7,936. It is expected to open 77 points lower at 33,609.
The data release includes Ukraine's inflation statistics for March.
— Holly Ellyatt