3 hours ago
European markets opened lower
European markets opened lower on Tuesday, fading from the positive momentum of the past few days.
The pan-European Stoxx 600 index was down 0.23% at the open with all major bourses and most sectors dropping: Britain’s FTSE 100 was down 0.33% to 8,235, Germany’s DAX was down 0.37% to 18,538, France’s CAC was down 0.35% to 7,970 and Italy’s MIB was down 0.5% to 34,490.
European Market
| Ticker | company | price | change | %change |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 8,211.16 | -51.59 | -0.62% |
| .GDAXI | Dachshund | 18,369.62 | -238.54 | -1.28% |
| .FCHI | CAC 40 Index | 7,916.51 | -81.51 | -1.02% |
| .FTMIB | FTSE MIB | 34,183.58 | -486.48 | -1.40% |
| .IBEX | IBEX 35 Index | 11,226.20 | -171.00 | -1.50% |
6 hours ago
Indian stocks fall as 2024 election counting begins
— Shreyas Sanyal and Charmaine Jacob
10 hours ago
South Korea’s CPI rises at slowest pace in 10 months
South Korea’s consumer price inflation slowed in May, official data showed, at a slower-than-expected pace.
According to LSEG data, the consumer price index rose 2.7% year-on-year in May, the slowest increase since July.
The figure was smaller than the 2.9 percent increase in April and the 2.8 percent increase forecast in a Reuters poll of economists.
South Korea’s core CPI, which excludes volatile food and energy products, rose 2.2% year-on-year in May.
Shreyasi Sanyal
11 hours ago
Goldman Sachs’ Kaplan says no interest rate cuts until at least September
Robert Kaplan, vice chairman of Goldman Sachs and former president of the Dallas Fed, told CNBC on Monday that he doesn’t expect a rate cut this summer unless something “shocking” happens.
“I think September is the first month that a cut is possible, but I think the Fed needs to see inflation improving for at least a few more months, and if they see that, then September is a possibility,” Kaplan said on “Closing Bell.”
The central bank’s next policy decision is due to be announced on June 12.
Jesse Pound
11 hours ago
GameStop rises in extended trading following latest Reddit post
GameStop shares rose 3% in after-hours trading, following a 21% rise during regular trading hours.
The latest move comes on the heels of another Reddit post apparently by Keith Gill (aka Roaring Kitty) that appeared to indicate that Gill was still holding positions in GameStop shares and call options on the same stock after Monday’s stock price rally.
CNBC has not independently verified the Reddit post.
— Jesse Pound, Yun Lee
12 hours ago
Futures little changed
When trading resumed Monday night, futures contracts for the Dow, S&P 500 and Nasdaq 100 were all up less than 0.1%.
Jesse Pound
