This is a live blog from CNBC covering European markets.
European markets are looking to get off to a positive start to the new trading week on Monday after last week’s heightened uncertainty with continued tensions in the Middle East and a resurgence in interest rate expectations.
U.S. stock futures rose Sunday night as Wall Street tried to find its footing after a sharp decline in tech companies.
Meanwhile, Asia-Pacific markets rebounded this week from Friday’s losses as investors focused on the latest data from China, Japan and South Korea. Markets in the region plunged last Friday after Israel launched an attack on Iran, sending stocks lower and safe-haven assets rising.
CNBC Pro: Top fund managers use these 7 global stocks to beat the market.
Global stock markets may be under pressure from geopolitical tensions and persistent inflation, but one portfolio manager sees potential in several stocks.
“There are always opportunities in any market situation, and we think the market is better than it currently believes,” Rob Hinchliffe, managing director and equity analyst at PineBridge Investments, told CNBC Pro last month. “I’m paying attention to stocks,” he said. .
Mr. Hinchliffe oversees more than $1 billion in assets for PineBridge through its Global Focus Equity Fund. The fund was established in 1999 and holds approximately 40 stocks.
He listed a number of stocks that are currently on the rise.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
CNBC Pro: Analysts like this gold explorer’s stock, with even the most cautious expecting the stock to rise 114%
The Canadian gold explorer’s stock price could double, according to Scotiabank analysts.
Investment banks reiterated their bullish stance after mining companies announced new drilling results at U.S. mines.
And Scotiabank isn’t the only analyst who likes this stock. BMO Capital Markets puts the stock up 209%, while Beacon Securities suggests the stock could rise 400% over the next 12 months.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European Market: Click here for opening call
European markets are set to open in positive territory on Monday.
According to IG data, the UK’s FTSE 100 index rose 78 points to 7,974, Germany’s DAX rose 58 points to 17,797, France’s CAC rose 43 points to 8,050 and Italy’s FTSE MIB rose 136 points. It is expected to rise by points to start at 33,373.
There will be no major earnings or data releases on Monday.
— Holly Ellyatt
