https://jualslotcaramasakg.wixsite.com/pantrymagic Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-182312.459691situs-slot-gacor.html https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-183122.222613slot-gacor-gampang-menang.html http://www.digi.vibeunited.co.id/forum/profile/bocoran-slot-gacor-hari-ini/ https://cungtenhanoi.com/2022/12/30/bocoran-pola-jam-hoki-main-slot-gacor-hari-ini-terbaru-gampang-menang-jackpot-terbesar-2022/
Business

European markets, stocks, data, news and earnings




Shares on the way: SBB up 8%, Rational down 7%

Swedish property company SBB saw its shares rise 8% by mid-afternoon to lead the Stoxx 600 after presenting its pro forma earnings capacity for 2023 following the sale of shares in education unit EduCo.

At the bottom of the index, German kitchen appliance manufacturer Rational fell 7%.

̵[ads1]1; Elliot Smith

It’s ‘pretty bold’ to suggest no bad news in 2023 for US earnings: Analyst

European markets, stocks, data, news and earnings

Ben Jones, director of macro research at Invesco, says Europe has “a lot more bad news priced in there.”

There is “a lot of upside” for technology, the investment firm says

It is

Per Roman, co-founder and managing partner of GP Bullhound, discusses the outlook for the tech sector, saying “the height of political risk is a real wake-up call for the tech industry.”

The Eurozone economy is likely heading for a mild recession, says S&P Global

S&P Global’s final composite PMI (purchasing managers index) for the euro zone rose to 47.8 in November from a 21-month low of 47.3 in October, staying below the 50 mark that separates expansion from contraction.

“A fifth consecutive monthly manufacturing decline signaled by the PMI raises the likelihood of the eurozone slipping into recession,” said Chris Williamson, chief economist at S&P Global Market Intelligence.

However, an easing in the pace of contraction means the region is likely to see GDP contract by only 0.2%, Williamson estimates.

– Elliot Smith

Britain’s economy is facing its “toughest period” since the financial crisis, S&P Global says

Britain’s services sector shrank for a second straight month in November as the country’s cost-of-living crisis continued to weigh on demand, S&P Global’s services PMI (purchasing managers’ index) reading said on Monday.

The services sector PMI stood at 48.2, matching October’s 21-month low and remaining below the 50 mark that separates expansion from contraction.

Chris Williamson, chief economist at S&P Global, said the PMIs indicate a growing recession risk in the UK

“A change of government and its new economic policies may have helped to stem some of the volatility in financial markets following September’s ‘mini-budget’, but the economic picture remains stubbornly unchanged,” Williamson said.

“The overall economic slowdown has remained steady compared to October, suggesting that GDP is falling at a quarterly rate of 0.4%. As such, this is the toughest period the UK economy has experienced since the global financial crisis, excluding only the height of pandemic.”

– Elliot Smith

Shares on the way: Grifols up 6%, Rational down 5%

Shares of Grifos climbed more than 6% in early trade to lead the Stoxx 600 after Morgan Stanley upgraded the Spanish pharmaceutical company’s shares to “overweight” from “equal weight.”

At the bottom of the index, the German kitchen appliance manufacturer Rational fell more than 5%.

– Elliot Smith

Vodafone boss resigns

Vodafone said on Monday that CEO Nick Read would step down at the end of the year, with CFO Margherita Della Valle acting as an interim replacement.

Read’s tenure has seen the British telecoms firm sell assets to focus on Europe and Africa and spin off its tower infrastructure unit, but he has failed to engineer the share price growth that investors demand.

Shares of Vodafone was up 1.8% shortly after the market opened.

Read more.

– Jenny Reid

Movers in Hong Kong: Chinese tech firms and reopening stocks jump

Chinese technology, consumer and travel-related firms listed in Hong Kong saw strong gains in early trade after some cities in China saw some easing of Covid restrictions.

Tech heavyweights Tencent rose 5.5% and Meituan gained 3.5%, while Alibaba jumped 4.72% and Xiaomi gained 7.31%. EV stocks such as Li Auto jumped 9.19% and Nio climbed 11.5%.

Meanwhile, Hong Kong-listed casino stocks also rose, with MGM China rising 12.44%, Wynn Macau up 12.35% and Sands China up 7.5%. Galaxy Entertainment rose 3.61% and SJM Holdings rose 4.82 percent.

Hotpot restaurant operator Haidilao rose by 15%, and the shares of the airlines also rose. China Southern Airlines and China Eastern Airlines each rose more than 5%, while Air China increased 4%.

The broader Hang Seng index rose 3.21 percent.

— Abigail Ng, Jihye Lee

Oil futures up 2% after OPEC+ holds steady and China reportedly eases some Covid restrictions

CNBC Pro: Goldman Sachs Upgrades This Global Tech Giant, Says Share Could Rise Up To 90%

Goldman Sachs sees an opportunity in electric vehicles that are on an “upward trend.”

That trend will increase as electric cars become “increasingly technology-driven” and easier to build, Goldman analysts said in a Dec. 1 report.

That’s set to benefit one global stock, Goldman said, giving the stock up to 90% upside in its bull case for the firm.

CNBC’s Pro subscribers can read more here.

— Weizhen Tan

European markets: Here are the opening calls

European markets are headed for a flat open on Monday as investors look forward to more regional data.

Britain’s FTSE index is expected to open 4 points lower at 7,554, Germany’s DAX up 2 points at 14,531, France’s CAC down 2 points at 6,740 and Italy’s FTSE MIB down 14 points at 24,671, according to data from IG.

Data releases include retail sales in the Eurozone for October as well as final purchasing managers’ index data for November. There is no great income.

—Holly Ellyatt



Source link

Back to top button