European markets: Here are the opening calls
European indexes are expected to open higher this morning, with the U.K.’s FTSE up 23 points to 6,992, Germany’s DAX up 130 points to 12,846, France’s CAC up 50 points to 6,079 and Italy’s MIB up 221 points to 21,647.
CNBC Pro: Oil could rise or fall — and these energy stocks are winners either way, portfolio manager says
Whether oil prices rise or fall, energy stocks are still worth investing in, according to Foord Asset Management’s Brian Arcese.
He names a couple of his favorite energy stocks, including one that he says will generate a “significant amount of cash” if oil prices stay high.
CNBC Pro subscribers can read more here.
— Weizhen Tan
Hong Kong stock movers: Tech drags down the broader index
Chinese tech companies dragged down the broader Hang Seng index in morning trade, with heavyweights such as Tencent and Alibaba dropping around 6% each.
Meituan shed 4.87%, while JD.com declined around 6% as well.
The Hang Seng Tech index was 3.49% lower, and the Hang Seng last lost 2.73%.
— Abigail Ng
Big tech earnings reports coming up this week
A slew of big tech names report third quarter earnings this week. Because of the size of many of these companies’ market capitalizations, any moves after earnings will likely impact the entire market.
Alphabet and Microsoft report earnings on Tuesday, followed by Meta Platforms on Wednesday. Apple and Amazon will report Friday.
—Carmen Reinicke
Stock futures rise Sunday evening
Stock futures rose Sunday evening as Wall Street looks to continue its best week since June amid third quarter earnings season.
Futures tied to the Dow Jones Industrial Average gained 289 points, or 0.93%, just a few minutes after the start of futures trading Sunday. S&P 500 futures rose 1.18% while Nasdaq 100 futures climbed 1.37%.
—Carmen Reinicke
Read More:European markets open higher with stoxx up 1.3%; UK leadership contest nears deadline
2022-10-24 07:35:00