FTSE 100
European stocks slide 2%, bond yields spike as traders fret over a possible recession
LONDON— European stocks tumbled on Monday as investor sentiment was dominated by the prospect of forthcoming interest rate hikes. The pan-European Stoxx 600 fell 2.2% by late morning, with tech stocks and autos shedding 3.8% to lead losses as all sectors and major bourses slid into negative territory. The slump in sentiment in Europe on […]
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European markets close lower after ECB meeting, U.S. inflation shock; Stoxx 600 down 2.7%
LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected U.S. inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday […]
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European markets cautious as investors gear up for U.S. inflation data; Credit Suisse down 5%
LONDON — European stocks were muted on Wednesday as investors prepare for the latest reading of U.S. inflation on Friday. The pan-European Stoxx 600 hovered around the flatline in early trade, with retail stocks adding 1.8% while basic resources shed 0.7%. Credit Suisse shares fell more than 5% after the embattled lender warned that it […]
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European markets close higher as mining stocks lead gains; Just Eat Takeaway shares up 12%
LONDON — European stocks advanced on Monday as international markets gear up for key U.S. data releases, including the latest inflation reading. The pan-European Stoxx 600 provisionally ended up 1%, with mining stocks climbing 2.7% to lead gains as most sectors and major bourses closed in positive territory. Just Eat Takeaway shares jumped around 12% […]
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European stocks close lower as UK inflation hits 40-year high; Stoxx 600 down 1.1%
LONDON — European stocks closed lower on Wednesday as fears over inflation rattled markets on either side of the Atlantic. Stock picks and investing trends from CNBC Pro: Global markets have remained bogged down by fears of aggressive monetary policy tightening and slowing economic growth. Earnings before the bell came from ABN AMRO, Burberry, British […]
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Global fund manager explains why he loves these 2 retail stocks right now
Pella Funds Management’s Jordan Cvetanovski has named two retail stocks he says stand out and are likely to ride out the current market volatility. Cvetanovski, chairman, chief investment officer and portfolio manager at Pella, named U.S. discount store Dollar General and U.K.-based apparel retailer JD Sports as picks during CNBC Pro Talks . While shoppers […]
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European stocks climb as global markets look for rebound; Stoxx 600 up 1.4%
LONDON — European stocks bounced on Friday as global markets looked to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates. The pan-European Stoxx 600 added 1.4% by around noon, with travel and leisure stocks jumping 3% to lead gains as all sectors and major bourses traded […]
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UK economy ‘only going to get worse’ as growth slowdown begins
The U.K. economy shrank by 0.1% in March and the situation is expected to worsen as the country’s cost-of-living crisis escalates. Tim Ireland | Xinhua News Agency | Getty Images LONDON — A growth slowdown is underway in the U.K. after the economy shrank by 0.1% in March, with economists expecting further contractions this year. […]
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European markets close higher despite hot U.S. inflation data; Stoxx 600 up 1.6%
LONDON — European stocks closed higher Wednesday, with investors largely shrugging off hotter-than-expected inflation data out of the U.S. The pan-European Stoxx 600 provisionally closed up 1.6%, with autos jumping 3.6% to lead gains as all sectors traded in positive territory except health care, which fell 1.2%. The gains in Europe come after some choppy […]
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Goldman strategist: This sector has been ‘unduly’ punished and could be a buy right now
Sharon Bell, a senior strategist at Goldman Sachs, has shared her favorite sectors after this week’s market madness. Source
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