1 hour ago
European stock markets finish mixed
European stock markets closed mixed on Monday amid heightened geopolitical tensions following Iran’s unprecedented airstrike on Israel over the weekend.
The pan-European Stoxx 600 index provisionally ended at 0.06%, with sectors and major exchanges heading in the opposite direction.
— Sam Meredith
2 hours ago
Dollar hits highest since November
The dollar index hit its highest level since November on Monday as the yen weakened and tensions in the Middle East escalated.
The dollar index reached a high of 106.013, its highest level since November 3, 2023, when the index reached 106.224. The dollar hit a high of 154.4 yen against the yen, the highest since June 29, 1990, when the dollar rose to 154.58 yen against the yen.
The dollar also hit a high of 0.9151 francs against the Swiss franc, the highest since October 6, 2023, when the dollar rose to 0.9175 francs against the Swiss franc.
— Sarah Min, Gina Francola
3 hours ago
Stock prices start rising
Traders working on the floor of the New York Stock Exchange
new york stock exchange
Stocks started strong on Monday as Wall Street looks set to rebound from last week’s decline.
The Dow Jones Industrial Average was up more than 350 points, or about 1%, just after 9:30 a.m. ET. The S&P 500 and Nasdaq Composite rose 0.8% and 0.5%, respectively.
— Alex Harring
4 hours ago
Oil prices fall as investors consider Middle East tensions
Oil prices fell on Monday as investors shrugged off the risk of a broader regional conflict following Iran’s attack on Israel over the weekend.
Brent futures for June delivery were down 0.7% at $89.83 a barrel by 2pm London time, and West Texas Intermediate (WTI) futures for May delivery were down about 0.6% at $85. ．It was 14 dollars.
— Karen Gilchrist
8 hours ago
Temenos shares rise 18% after investigation refutes Hindenburg’s claims
Shares in banking software company Temenos rose 18% in early trading after the company said an independent investigation into the allegations by short seller Hindenburg Research was found to be “inaccurate and misleading.”
Hindenburg claimed in February that there had been “serious accounting irregularities” at the Swiss company, causing its stock price to plummet. However, an investigation found that the claims about the company were made “in a distorted manner or out of context,” Temenos said in a statement.
— Karen Gilchrist
9 hours ago
CVC confirms plans to list in Amsterdam
A woman cycles past the Euronext Amsterdam Stock Exchange on April 7, 2021 in Amsterdam.
John Tis | AFP | Getty Images
Private equity group CVC announced on Monday that it plans to list on Euronext Amsterdam, confirming earlier reports.
The acquisition company said it plans to raise 250 million euros ($266 million) as part of the initial public offering, as well as sell some existing shareholders’ shares.
“We remain fully focused on CVC’s IPO as we believe it provides a durable long-term organizational structure to support further growth,” CVC CEO Rob Lucas said in a statement. .
— Karen Gilchrist
9 hours ago
European stocks mostly start higher
European markets were mostly marginally higher in early trading on Monday, with France’s CAC40 and Germany’s DAX both up about 0.5%. Meanwhile, Britain’s FTSE 100 index fell by about 0.3%.
The Stoxx600 index rose 0.2%.
See chart…
STOXX 600 index.
12 hours ago
CNBC Pro: Thanks to AI, Wall Street is bullish on copper. Analysts rate these stocks highly, giving them 234% upside potential.
Despite the recent rally in copper prices, Wall Street has become very bullish on copper.
The rally has been fueled by supply risks and rising demand amid the energy transition and artificial intelligence boom.
Copper is used in data centers for things like power cables, electrical connectors and power strips, Jefferies noted in an April 10 memo.
For those considering entering this sector, CNBC Pro screened stocks for the Global X Copper Miners ETF.
CNBC Pro subscribers can read more here.
— Tan Weizhen
17 hours ago
CNBC Pro: Nvidia’s major shareholder reveals the impetus for selling growth stocks
Nvidia’s stock price has plummeted this year and is up more than 80% in 2024, but one of the company’s largest shareholders has revealed why he sold his shares.
Raj Shanth, managing director of investment firm Jenison Associates, told CNBC Pro that the company is selling its position in the AI chip maker to manage risk, even though the company remains optimistic about its long-term outlook. He said he was doing it.
CNBC Pro subscribers can read more about Jennison’s why.
— Ganesh Rao
18 hours ago
Oil prices fall slightly after Israel avoids large-scale air attack by Iran
Pipelines and oil storage tanks in Cushing, Oklahoma.
Justin Solomon | CNBC
US crude oil futures fell slightly on Sunday as traders breathed a sigh of relief after Israel avoided a major air attack by Iran and the US stressed it wanted to avoid a wider war in the Middle East. .
West Texas Intermediate’s May contract fell 34 cents to $85.32 a barrel in early trading Sunday evening. Brent futures for June contract fell slightly to $90.18 per barrel. U.S. crude oil closed at $85.66 per barrel on Friday, while the global benchmark settled at $90.45. WTI futures have hovered around $71 per barrel since the beginning of the year.
Iran launched more than 300 drones and missiles against Israeli military targets on Saturday, an attack President Joe Biden described as “unprecedented.” Although large in scale, the Iranian attack caused little actual damage to Israel.
— Spencer Kimball
13 hours ago
European Market: Click here for opening call
European markets are expected to open mixed on Monday.
According to IG data, the UK’s FTSE 100 index is expected to open 41 points lower at 7,952, Germany’s DAX is up 23 points to 17,921, France’s CAC is up four points to 8,004 and Italy’s FTSE MIB is expected to open 41 points lower at 7,952. It is expected to drop 8 points to 33,112.
The data release includes Israeli inflation statistics for March. There are no major financial results announcements.
— Holly Ellyatt
