shares, news, data and earnings
Stocks on the move: Euronav down 20%, Games Workshop down 5%
Shares of Eurohub plunged more than 20% in early trade after Norwegian rival Front line pulled out of a potential $4.2 billion merger with the Belgian oil company.
British wargame producer Game workshop fell 5.6% after the half-year report.
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CNBC Pro: Platinum prices skyrocket. These buy-rated stocks with upside can be a way to make money
Consumers see inflation and spending fall over next year, according to the New York Fed Survey
CNBC Pro: China’s reopening has Wall Street excited. Here’s how the pros play it
Beijing’s sudden and rapid dismantling of its strict Covid-19 controls after nearly three years has raised hopes that the beleaguered economy can follow a similarly rapid pace of recovery.
From hotels and airlines, to “less obvious beneficiaries,” Wall Street analysts name their top Chinese and global stocks to play the reopening.
Pro subscribers can read more here.
— Zavier Ong
European markets: Here are the opening calls
European markets are headed for a lower open as investors brace for more inflation data later this week, with US consumer price data for December due on Thursday.
Britain’s FTSE 100 the index is expected to open 49 points lower at 7,676, Germany’s DAX 95 points lower to 14,698, France’s CAC down 52 points to 6,855 and Italy’s FTSE MIB down 204 points at 25,181, according to data from IG.
Data releases on Tuesday include Dutch inflation figures for December and UK Retail Consortium retail sales figures for December. Airbus will announce its annual commercial aircraft orders and deliveries.
—Holly Ellyatt
