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Elliot Smith and Holly Ellyatt

European stocks fell on Thursday as the initial reprieve after the Bank of England stepped in to calm the markets seemingly faded.

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Elliot Smith and Holly Ellyatt

European stocks retreated on Wednesday as global markets turned lower on economic concerns surrounding inflation and the growth outlook.

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Elliot Smith and Holly Ellyatt

European markets were higher on Tuesday as stocks attempted to rally after choppy trade at the start of the week.

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Elliot Smith and Holly Ellyatt

European stocks were choppy on Monday as investors continued to weigh the deteriorating economic outlook in the region.

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Hannah Ward-Glenton

European stocks opened lower Friday, as investors digested a slew of central bank rate hikes from the region and beyond.

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Hannah Ward-Glenton and Holly Ellyatt

European stocks were over 1% lower shortly after the open Thursday, as investors digested news from the U.S. Federal Reserve and Swiss central bank, as both opted to hike rates.

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Katrina Bishop

Karen Gilchrist

European markets opened lower Monday, after a tough week which saw stocks fall across the board.

The pan-European Stoxx 600 slipped 2.89% last week, as investors weighed concerns about the health of the economy, hot inflation figures and the U.S. Federal Reserve’s upcoming monetary policy meeting.

On Monday, major European markets continued their foray into the red. Germany’s DAX fell 0.6% at the open, France’s CAC 40 slipped 1% and Italy FTSE MIB also fell around 1%. Spain’s IBEX 35 was trading 0.47% lower.

The U.K.’s FTSE 100 is closed Monday to mark the funeral of Queen Elizabeth II, due to begin 11 a.m. London time.

TICKER	COMPANY	NAME	PRICE	CHANGE	%CHANGE	VOLUME
.FTSE	FTSE 100	*FTSE	7236.68	-45.39	-0.62	2140678271
.GDAXI	DAX	*DAX	12654.48	-86.78	-0.68	5910073
.FCHI	CAC 40 Index	CAC	6019.08	-58.22	-0.96	6845576
.FTMIB	FTSE MIB	*FTSE MIB	21876.7	-234.19	-1.06	107274368
.AEX	AEX Amsterdam Index	AEX	660.97	-3.86	-0.58	7501356
.IBEX	IBEX 35 Idx	*IBEX 35	7949.1	-35.6	-0.45	16358730

It comes after sterling hit a 37-year low against the dollar last week, as a combination of dollar strength and recession concerns hit the British currency.

Data due Monday includes construction output figures for the euro zone. Luis de Guindos, vice president of the European Central Bank, is also due to make a speech in Madrid at 10:00 a.m. London time.

Shares in Asia-Pacific fell on Monday, and U.S. futures were slightly lower.

The Fed’s two-day meeting is due to begin Tuesday, with markets expecting a 75-basis-point rate hike as the central bank strives to get soaring prices under control.

European markets open in the red

European markets opened well into the red Monday. Here’s where stocks were after 15 minutes of trading: France’s CAC down 0.94% Germany’s DAX down 0.58% Italy’s FTSE MIB down 0.92% Spain’s IBEX down 0.4%

— Katrina Bishop

Treasury yields tick higher

Treasury yields ticked higher early Monday. The yield on the 2-year Treasury bond rose 1 basis point to trade at 3.8713% at 2:45 a.m. ET. It comes after the yield last week climbed above 3.9% — a level last seen in November 2007.

The yield on the 10-year Treasury, meanwhile, was less than a basis point higher at 3.4554%. Yields move opposite to prices. One basis point is equivalent to 0.01%.

— Katrina Bishop

European stocks slid last week

The pan-European Stoxx 600 slipped 2.89% last week:

— Katrina Bishop

UK stock markets closed as country marks Queen Elizabeth’s death

In a release last week, the London Stock Exchange Group said it was “deeply saddened at the passing of Her Majesty Queen Elizabeth II.”

“The day of the funeral of Her Majesty Queen Elizabeth II, 19 September 2022, has been declared a UK bank holiday, therefore, London Stock Exchange (the “Exchange”) on Exchange markets will be closed,” it added.

— Katrina Bishop

CNBC Pro: Buy these inflation-beating funds to protect your money, strategist says

As inflation remains stubbornly high, where can investors hide out given that U.S. stocks and bonds alike have been volatile?

There are three types of funds that look appealing right now, according to Mark Jolley, global strategist at CCB International Securities. He named his favorites in each category.

— Weizhen Tan

Oil prices climb as lifting of Chinese Covid lockdown boosts demand outlook

Oil prices climbed on Monday as the Chinese megacity of Chengdu exits a two-week lockdown.

Both oil benchmarks each rose more than 1% earlier in the session, and Brent crude futures was last up 0.66% at $91.95 per barrel. U.S. West Texas Intermediate

gained 0.56% $85.59 per barrel.

The boost in demand outlook offsets fears that potential rate hikes later this week will raise recession risks.

— Lee Ying Shan

CNBC Pro: This ETF carries risk — but outperforms when volatility spikes

As volatility rears its head once again, investors looking for a short-term trade could opt for this ETF with a track record of outperformance in times of extreme market moves.

“It is probably the prospect of very quick and sizable gains when everyone else in the market seems to be losing their shirts that I believe is appealing about this fund,” Daniel Martins, head researcher and portfolio strategist at DM Martins Research, said.

Yet, despite the potential for high returns, the ETF carries a high level of risk, and is not for every investor.

— Zavier Ong

Stocks could fall below 3,700 before the next rally, says Fundstrat’s Newton

Mark Newton, head of technical analysis at Fundstrat, said investors shouldn’t get too tempted by a potential bounce in the coming days as the S&P 500 could fall under 3,700 before a more meaningful rally kicks in.

“September’s Triple Witching Friday close at multi-week lows is particularly negative for the prospects of a rally, and further selling still looks likely over the next couple weeks to undercut 3,700 before a relief rally can get underway in October,” he said.

The S&P 500 on Friday ended the week at 3,873.33.

“While one cannot rule out a 1-2 day bounce attempt given this week’s decline, I do not expect much strength until prices have reached support under 3,700 in October,” he added. “Tactically, ‘cash remains king’ and one should be patient until markets reach downside targets, and begin to show either volume and breadth divergences, or capitulation to buy.”

— Tanaya Macheel

Source : CNBC

Holly Ellyatt

European markets are heading for a positive start to the trading day on Thursday, following modest gains in the U.S. yesterday and Asia-Pacific markets overnight.

European markets closed lower on Wednesday as investors reacted to the latest inflation data out of the U.S. while Wall Street saw modest gains following a massive sell-off for U.S. stocks on Tuesday.

On Thursday, investors will be looking out for French inflation data for August. The Bank of England was due to have a monetary policy meeting but has delayed this until next week due to the death of Queen Elizabeth II.

U.S. equity futures were slightly higher Wednesday evening while shares in the Asia-Pacific mildly roseon Thursday after a negative session Wednesday.

CNBC Pro: Want higher returns? Kevin O’Leary says put your money in ‘harm’s way’ — and shares his stock picks

Billionaire investor Kevin O’Leary believes market volatility is back, and thinks investors will have to take on some risks to get higher returns.

“If you want to get a 6% to 8% return, you’re going to have to put some money in harm’s way,” he told CNBC “Street Signs Asia” on Wednesday.

He names the stocks and sectors he likes to navigate the current volatility.

— Zavier Ong

U.S. 2-year Treasury yields hits 3.8% again

The U.S. 2-year Treasury note briefly rose to 3.8% again after reaching its highest level since November 2007 earlier this week.

Short-term bond yields, which are most sensitive to Fed policy, soared following the U.S. inflation report on Tuesday.

The yield on the benchmark 10-year Treasury was also at 3.41% and the yield on the 30-year Treasury bond was at 3.46%.

Yields move inversely to prices, and a basis point is equal to 0.01%.

–Jihye Lee

CNBC Pro: Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks

U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of Morgan Stanley Investment Management, who says the S&P 500 could enjoy upside by year-end.

He predicts the level that the S&P 500 will rise to by the year end, and also picks stocks to buy into the “fear.”

— Weizhen Tan

European markets: Here are the opening calls

European stocks are expected to open in negative territory on Wednesday as investors react to the latest U.S. inflation data.

The U.K.’s FTSE index is expected to open 47 points lower at 7,341, Germany’s DAX 86 points lower at 13,106, France’s CAC 40 down 28 points and Italy’s FTSE MIB 132 points lower at 22,010, according to data from IG.

Global markets have pulled back following a higher-than-expected U.S. consumer price index report for August which showed prices rose by 0.1% for the month and 8.3% annually in August, the Bureau of Labor Statistics reported Tuesday, defying economist expectations that headline inflation would fall 0.1% month-on-month.

Core CPI, which excludes volatile food and energy costs, climbed 0.6% from July and 6.3% from August 2021.

U.K. inflation figures for August are due and euro zone industrial production for July will be published.

— Holly Ellyatt

Source : CNBC

Holly Ellyatt

European stocks were cautiously higher on Tuesday as global markets geared up for the latest reading of U.S. inflation, with the August data set to be released Tuesday.

TICKER	COMPANY	NAME	PRICE	CHANGE	%CHANGE	VOLUME
.FTSE	FTSE 100	*FTSE	7480.52	7.49	0.1	14886205
.GDAXI	DAX	*DAX	13426.56	24.29	0.18	2067047
.FCHI	CAC 40 Index	CAC	6355.74	22.15	0.35	3516575
.FTMIB	FTSE MIB	*FTSE MIB	22659.06	48.66	0.22	14104880
.AEX	AEX Amsterdam Index	AEX	698.4	1.53	0.22	5435768
.IBEX	IBEX 35 Idx	*IBEX 35	8212.9	18.6	0.23	6506006

The pan-European Stoxx 600 was up 0.2% in early trade, with food and beverage stocks adding 0.9% to lead gains while retail stocks slid 1.3%.

The inflation report is one of the last pieces of data on inflation the U.S. Federal Reserve will see ahead of its September meeting, where the central bank is expected to deliver its third consecutive 0.75 percentage point rate hike in an effort to combat high inflation.

Fed Chair Jerome Powell reiterated last week that he is “strongly committed” to bringing down inflation.

UBS plans to boost dividend; shares rise in pre-market

UBS Group plans to increase its dividend by 10% to $0.55 per share and expects its 2022 share repurchases to exceed $5 billion, the Swiss bank said on Tuesday.

UBS shares were indicated 1.2% higher in pre-market activity after what ZKB analyst Michael Klien called surprise news.

— Reuters

Stocks on the move: Future up 5%, Ocado down 12%

Shares of Future Plc gained 5.5% in early trade to lead the Stoxx 600 after the British media company projected that full-year adjusted operating profit would come in at the top end of market expectations.

At the bottom of the European blue chip index, British grocery technology company Ocado

plunged more than 12% after warning of lower full-year sales as consumers weather soaring inflation.

– Elliot Smith

5 Hours Ago

CNBC Pro: Forget oil — coal is hot right now. Here are 2 stocks to play it, according to the pros

Coal mining in Wyoming.

Coal prices are at record highs and market watchers see prices going even higher as a global energy crisis looms.

“It’s almost like any or all companies are a buy,” analyst Peter O’Conner said of the booming coal sector, and reveals his favorite stock.

— Zavier Ong

Relief rally is likely bear market bounce, Wells Fargo says

The recent relief rally in stocks is likely another bear market bounce and investors should position for more choppiness ahead, according to Wells Fargo.

“Year-do-date, the outperformance of defensive, high shareholder payout, high-quality and low-valuation stocks reminds investors of the hallmark of a bear market,” global portfolio and investment strategist Chao Ma wrote in a Monday note.

Such recoveries happen in nearly every bear market and many are quickly reversed, leaving investors with regrets, they added.

“Although it is difficult to predict the bottom of a bear market, in the past, market bottoms were typically preconditioned by over-pessimistic market sentiment and a sign of definitive improvement in the underlying economic or market issue,” Ma said. “We believe we are not there yet in either regard.”

In the meantime, Ma recommends investors look for defensive stocks with low volatility, high dividends and share repurchase yields. He also says investors should go for high quality names with profitability and leading market share and affordable market price.

—Carmen Reinicke

U.S. stock futures rise ahead of Tuesday CPI report

U.S. stock futures were higher Monday night as Wall Street looks ahead to the August consumer price index report set to be released Tuesday morning. The report will give investors an update on the inflation situation in the U.S. and is one of the last pieces of data the Federal Reserve will see ahead of its September meeting.

Dow Jones Industrial Average futures gained 55 points, or 0.17%. S&P 500 and Nasdaq 100 futures climbed 0.18% and 0.21%, respectively.

—Carmen Reinicke

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites

Real estate investment trusts — or REITs — are coming back to the spotlight after a volatile year for many asset classes.

Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say could outperform the wider market, and remain resilient in a recession.

— Weizhen Tan

European markets: Here are the opening calls

European stocks are expected to open cautiously higher on Wednesday with the U.K.’s FTSE index seen 18 points higher at 7,560, Germany’s DAX 33 points higher at 13,944, France’s CAC 40 up 18 points at 6,616 and Italy’s FTSE MIB up 42 points at 23,029, according to data from IG.

Data releases include preliminary euro zone unemployment data for the second quarter as well as second quarter gross domestic product. The latest U.K. inflation numbers for July will be released as well as preliminary second quarter Dutch GDP.

Earnings come from Uniper, Carlsberg, Persimmon, Balfour Beatty, BAT and National Grid.

Source : CNBC

Elliot Smith – Holly Ellyatt

European stocks were slightly higher on Monday, following a positive trend set at the end of last week and overnight in Asia-Pacific markets.

TICKER	COMPANY	NAME	PRICE	CHANGE	%CHANGE	VOLUME
.FTSE	FTSE 100	*FTSE	7425.3	74.23	1.01	61550374
.GDAXI	DAX	*DAX	13248.85	160.64	1.23	10476565
.FCHI	CAC 40 Index	CAC	6270.97	58.64	0.94	8277715
.FTMIB	FTSE MIB	*FTSE MIB	22341.34	246.78	1.12	68777303
.AEX	AEX Amsterdam Index	AEX	689.84	3.87	0.56	10898323
.IBEX	IBEX 35 Idx	*IBEX 35	8113.3	80.2	1	25882813

The pan-European Stoxx 600 edged 0.3% higher in early trade, with autos adding 2.2% to lead gains as most sectors and major bourses entered positive territory. Health care stocks fell 0.5%.

Global markets are gearing up for the latest reading of U.S. inflation, with the August data set to be released Tuesday.

The report is one of the last pieces of data on inflation the U.S. Federal Reserve will see ahead of its September meeting, where the central bank is expected to deliver its third consecutive 0.75 percentage point rate hike in an effort to combat high inflation.

Fed Chair Jerome Powell reiterated last week that he is “strongly committed” to bringing down inflation.

U.S. stock futures were flat Sunday night while shares in the Asia-Pacific rose in overnight trading on improved risk sentiment. Mainland China, Hong Kong and South Korea markets are closed for a holiday.

CNBC Pro: Sterling has been tanking versus the dollar. Here’s how low it could go, according to the pros

The British pound has slid against the U.S. dollar over the past year, hitting a 37-year low against the greenback last week — and it could weaken even further, according to analysts.

DZ Bank’s Sonja Marten warned that GBP/USD is a currency pair that tends toward large swings, and gave a pretty bearish forecast.

— Zavier Ong

U.S. to broaden curbs on chip and tool exports to China, Reuters reports

The U.S. Department of Commerce plans to publish new regulations related to restricting exports of chipmaking equipment to Chinese factories that produce advanced semiconductors, Reuters reported, citing people familiar with the matter.

The rules will be based on letters sent to KLA, Lam Research and Applied Materials

earlier this year, when they were informed that government-issued licenses would be needed to sell such equipment to buyers that make chips with sub-14 nanometer processes.

The new regulations would likely include additional actions against China, sources told Reuters, adding they could be changed and published later than expected.

—Jihye Lee

CNBC Pro: Goldman reveals the ‘sweet spot’ for its favorite oil stocks — and gives one 35% upside

As fears over the global energy supply came back into focus last week, Goldman highlighted six oil and gas themes which it said looked attractive into the year end.

The investment bank sees total returns of 15% for large-cap stocks under its oil and gas coverage and names six themes to watch into the year end.

— Weizhen Tan

European markets: Here are the opening calls

European stocks are expected to open cautiously higher on Wednesday with the U.K.’s FTSE index seen 18 points higher at 7,560, Germany’s DAX 33 points higher at 13,944, France’s CAC 40 up 18 points at 6,616 and Italy’s FTSE MIB up 42 points at 23,029, according to data from IG.

Data releases include preliminary euro zone unemployment data for the second quarter as well as second quarter gross domestic product. The latest U.K. inflation numbers for July will be released as well as preliminary second quarter Dutch GDP.

Earnings come from Uniper, Carlsberg, Persimmon, Balfour Beatty, BAT and National Grid.

Source : CNBC