48 Mins Ago
Europe stocks open higher
European markets opened higher on Friday.
The pan-European Stoxx 600 index rose 0.9% during early morning deals, with all sectors and major bourses in positive territory.
Mining stocks led the gains, up 1.7%.
— Sam Meredith
An Hour Ago
UK economy grows by 0.1% in February, in line with expectations
Britain’s economic output increased by 0.1% in monthly terms in February, in line with expectations, according to figures published Friday by the Office for National Statistics.
Economists polled by Reuters had expected a 0.1% month-on-month expansion of gross domestic product.
The data follows economic growth of 0.3% in January, which ONS said had been upwardly revised from 0.2%.
— Sam Meredith
2 Hours Ago
CNBC Pro: Goldman Sachs just refreshed stocks on its ‘conviction list’ of top Asian picks for April – giving one over 40% upside
Goldman Sachs has refreshed its “conviction list” of top picks in Asia Pacific for April by adding some stocks and removing others.
The bank remains optimistic on the region, noting that it has a “solid 2Q outlook.”
“Five factors are likely to influence Asian market performance in 2Q: the start of a rate cutting cycle, led by the Fed; elections and geopolitics; 1Q earnings results; market-specific policy; and (less fundamentally, but notably) seasonality,” the investment bank’s analysts said, as they unveiled their latest additions to the list.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
2 Hours Ago
4 cheap stocks to buy and hold for the next decade, according to the pros
Many shares look expensive in today’s market, but there are still cheap stocks to be found — some of which can be held for the next 10 years, according to the pros.
They shared with CNBC Pro their tips for picking cheap stocks that hold long-term promise, as well as their top picks.
CNBC Pro subscribers can read more here.
— Weizhen Tan
An Hour Ago
European markets: Here are the opening calls
European markets are poised to open in poisitve territory on Friday.
The U.K.’s FTSE 100 index is expected to open 31 points higher at 7,949, Germany’s DAX up more than 100 points at 18,051, France’s CAC 47 points higher at 8,064 and Italy’s FTSE MIB 150 points higher at 33,212, according to data from IG.
Investors are looking ahead to U.K. gross domestic product data for February and the International Energy Agency’s monthly oil market report.
— Sam Meredith
Read More:stocks, UK economic data, oil report
2024-04-12 07:17:00