World economy
European markets higher ahead of Powell speech; Nestle down 1.65%
LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming. The Stoxx 600 index was up 0.26% by 1:23 p.m. London time, with all major bourses and the majority of sectors trading in the green. Utilities stocks rose 0.81%, while tech […]
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No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere. The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to […]
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CNBC’s Inside India newsletter: The search for a stock market alternative
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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Europe markets close higher with Fed in focus; UK net borrowing higher than expected
LONDON — European stock markets closed higher Wednesday, rebounding after snapping a long winning streak on Tuesday. The pan-European Stoxx 600 index provisionally closed 0.32% higher on Wednesday as nearly all sectors traded positive. Autos climbed 1.45% and mining stocks added 1.02%, while telecoms dipped 0.24%. The regional benchmark closed in the red on Tuesday, snapping a strong […]
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Europe markets close higher with Fed in focus; UK net borrowing higher than expected
LONDON — European stock markets closed higher Wednesday, rebounding after snapping a long winning streak on Tuesday. The pan-European Stoxx 600 index provisionally closed 0.32% higher on Wednesday as nearly all sectors traded positive. Autos climbed 1.45% and mining stocks added 1.02%, while telecoms dipped 0.24%. The regional benchmark closed in the red on Tuesday, snapping a strong […]
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CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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CNBC Daily Open: ‘Crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 20, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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European stocks cautiously higher as market uncertainty lingers; Sweden’s Riksbank cuts rates
Casper Hedberg | Bloomberg | Getty Images LONDON — European stocks were cautiously higher Tuesday, with market uncertainty lingering over the outlook for interest rate cuts. The pan-European Stoxx 600 index was up 0.15% in early deals, with sectors and major bourses trading in mixed territory. Tech stocks added 1.28%, while oil and gas fell […]
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CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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