European markets live updates: stocks, news, earnings, data
6 hours ago
CNBC Pro: Alibaba and more: Morgan Stanley names 5 global stocks with at least 50% upside
Morgan Stanley expects five of its top stock picks in Asia to rise more than 50% over the next 12 months.
The Wall Street bank is bullish on a set of Asian stocks as the broad MSCI Asia Pacific share index has entered a new bull market, rising 25% from last October’s low.
Alibaba is the investment bank̵[ads1]7;s top choice in the Internet sector in China.
CNBC Pro subscribers can read more about the remaining 4 stocks here.
– Ganesh Rao
Fri Jun 16, 2023 10:11 am EDT
Inflation prospects fall sharply in key consumer surveys
Consumer inflation expectations fell in June, lending support to the Federal Reserve in its fight against rising prices.
The closely watched University of Michigan Survey of Consumers showed one-year expectations plunged to 3.3%, down from 4.2% the previous month. It is the lowest level since March 2021.
The headline reading for the survey came in at 63.9, better than the Dow Jones estimate of 60.2 and up from May’s 59.2.
-Jeff Cox
6 hours ago
CNBC Pro: Global stocks soar. Analysts love these names – offering over 80% upside
US stocks are not the only ones rising this year.
Some global indices have followed these gains and climbed.
Analysts remain optimistic about some parts of the US market, but some expect international markets to do better this year.
CNBC Pro checked stocks in the MSCI World, S&P 500 and Vanguard FTSE All-World ex-US Index Fund for global names with big upside.
The resulting stocks have buy ratings from over 65% of analysts covering them and an average upside of at least 30%.
CNBC Pro subscribers can read more here.
— Weizhen Tan
3 hours ago
European markets: Here are the opening calls
European markets are headed for a negative opening on Monday.
Britain’s FTSE 100 index is expected to open 31 points lower at 7,910, Germany’s DAX 88 points lower at 16,288, France’s CAC 37 points lower at 7,360 and Italy’s FTSE MIB 110 points lower at 27,818, according to data from IG.
There are no major revenue or data releases.
—Holly Ellyatt
