15 minutes ago
Stock price rise: Zalando and Entain rise, BBVA fall
Wednesday, September 22, 2021, Ladbrokes betting shop operated by Entain Plc, London, UK.
Chris J. Ratcliffe | Bloomberg | Getty Images
Shares in German retail giant Zalando rose 4.75% in early trading after analysts at Citi upgraded the stock from “neutral” to “buy.”
Among the top gainers, gambling company Entain rose 3% following a report in the Times that private equity firms were interested in some of the company’s assets.
BBVA Bank fell 3.4% after announcing on Wednesday that it would pay a final dividend of 0.39 euros ($0.42) per share.
— Jenny Reid
58 minutes ago
European stocks open mixed
European markets had a cautious start to the week, with the benchmark Stoxx 600 index down 0.06% as of 8:05 a.m. in London.
France’s CAC 40 index and Britain’s FTSE 100 index both remained near flat, while Germany’s DAX index rose 0.2%.
See chart…
STOXX 600 index.
8 hours ago
CNBC Pro: Goldman Sachs updates list of world’s top stocks and recommends specific trading strategies
Despite last week’s lackluster performance, the pan-European Stoxx 600 index is up about 7.5% since the beginning of the year and more than 15% over the past 12 months.
But analysts at Goldman Sachs said investors were “questioning how much upside there is left” and recommended investors consider certain trading strategies.
They also updated their “Conviction List” of top stocks for April.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
9 hours ago
Bank of America says this week’s CPI should be a ‘confidence-building report’
Economists at Bank of America believe Wednesday’s inflation report should show easing price pressures and give the Fed confidence to cut interest rates in June.
The Wall Street firm expects its core consumer price index to slow to 0.2% in March after rising 0.4% in February and January. The company believes that falling car prices will lead to a decline in core goods. But on the other hand, the central bank expects energy prices to rise significantly more than usual.
“Moderate increases in core CPI should reflect lower core commodity prices and more modest price increases in core services,” the bank’s economists said in a note. “A report that is in line with our expectations will give the Fed confidence to maintain its rate cut in June.”
— Yun Lee
8 hours ago
CNBC Pro: ‘Great bargains’: Morgan Stanley names 3 overlooked global tech stocks to buy
Morgan Stanley lists three “overlooked” global tech stocks that currently look cheap.
The bank expects the theme of “broad deployment” to become more important, saying “investors will increasingly focus on blue-chip small-cap stocks at attractive valuations as a source of alpha.”
All three stocks are rated Overweight, with nearly 100% upside potential in one stock.
CNBC Pro subscribers can read more here.
— Tan Weizhen
1 hour ago
European Market: Click here for opening call
European markets are starting to move higher on Monday.
The FTSE 100 index is set to open 11 points higher at 7,913, Germany’s DAX is up 29 points to 18,191 and France’s CAC is up 40 points to 8,078, according to IG data.
— Jenny Reid
Friday, April 5, 2024 8:44 EDT
U.S. adds 303,000 jobs in March, more than expected
A Nugget Market “Now Hiring” sign is posted on the side of a Golden Gate Transit bus on July 7, 2021 in San Rafael, California.
Justin Sullivan | Getty Images
Nonfarm payrolls for March were stronger than expected Friday morning, another sign of the resilience of the U.S. labor market.
The U.S. economy added 303,000 jobs last month, more than the 200,000 expected by economists polled by Dow Jones. The unemployment rate was 3.8%.
Average hourly wages rose 0.3% in March and 4.1% over the past year. The average working hours per week amounted to 34.4 hours.
— Jesse Pound
