51 minutes ago
Weasel’s Finecobank holds a meeting
Finecobank shares rose about 6% by noon London time on Wednesday after reports that analysts at JPMorgan had an “overweight” stance on the stock.
At the other end of the Stoxx 600 index, Austria’s largest power company Verbund fell 4.5% following a downgrade.
—Matt Clinch
2 hours ago
Eurozone inflation slows unexpectedly
New PMI data was weaker than expected and suggested an economic slowdown.
Bloomberg | Bloomberg | Getty Images
Inflation in the 20-nation euro zone fell to 2.4% in March, preliminary figures released on Wednesday showed.
Economists polled by Reuters had forecast a 2.6% increase, unchanged from last month.
Read the full story here.
—Jenny Reid
2 hours ago
Türkiye’s inflation rate rises to 68.5% despite interest rate hike
A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul on August 8, 2018.
Yasin Akgul | AFP | Getty Images
Turkey’s annual inflation rate rose to 68.5% in March, further up from February’s inflation rate of 67.1%, according to a report released by the Turkish Statistical Institute on Wednesday.
The monthly growth rate of consumer prices was 3.16%, led by education, communications, hotels, restaurants, and cafes, which increased by 13%, 5.6%, and 3.9% from the previous month, respectively.
On an annual basis, education once again had the highest cost inflation at 104% year-on-year, followed by hotels, restaurants and cafes at 95%, and healthcare at 80%.
— Natasha Tulak
12 hours ago
CNBC Pro: “Great market”: Strategist names one hot stock to watch in Japan right now
Several investors have taken a positive view of Japanese stocks over the past few months, and market strategist Matt Orton is no exception.
“Japan has been a great market overall…Japan is the biggest market in the Asian stock market complex,” the chief market strategist at asset management firm Raymond James Investment Management told CNBC’s “Squawk Box Asia” on April 1. was a top performer.”
A lesser-known name stands out as a good play for him right now.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
12 hours ago
CNBC Pro: Feeling FOMO on Reddit or Truth Social? Here’s another way to cash in on meme stocks
From the GameStop craze of 2021 to the recent surge in Reddit and Truth Social stocks, many investors are probably afraid of missing out on these seemingly lucrative opportunities (FOMO).
But for investors who can’t stomach the risks associated with meme stocks, there are lower-volatility ways to take advantage of this trading phenomenon, said Hannah Gooch Peters, global equity investment analyst at Sanlam Investments.
CNBC Pro subscribers can read more about these stocks here.
— Ganesh Rao
5 hours ago
European Market: Click here for opening call
European markets are set to open at Wednesday’s lows.
The UK’s FTSE 100 index is expected to open 27 points lower at 7,909, Germany’s DAX is expected to open 25 points lower at 18,266, France’s CAC is down 9 points at 8,121 and Italy’s FTSE MIB is expected to open at 7,909, according to IG data. It is expected to open 18 points lower at 33,703.
Corporate earnings will be thin on Wednesday, but inflation data will be released from the euro zone and Turkey.
— Karen Gilchrist
