in

European Stocks End Slightly Higher After Key US Inflation Data

Euro Rise Against Dollar Following CPI Print

The euro gained 0.76% against the US dollar, trading at $1.0993 at 3:30 pm London time.

Fiona Cincotta, senior market analyst at City Index, said it was one of the reactions to the latest US inflation data.

“The U.S. dollar has fallen after inflation data as investors reassess expectations of a May Fed rate hike and consider the possibility of an aggressive rate cut by year-end,” she said in a note. Stated.

The euro’s rally is also a reaction to hawkish comments by European Central Bank officials, she added, while board member François Villeroy warned against entrenched inflation. issued.

The British pound was 0.4% higher against the dollar at $1.247.

Wednesday, April 12, 2023 09:35 EDT

US Stocks Open Higher After CPI

US stocks rose Wednesday’s open as traders digested the latest US consumer price index data.

The Dow is up more than 100 points, while the S&P 500 and Nasdaq are up 0.5% and 0.8% respectively.

— Fred Imbert

Wednesday, April 12, 2023 08:37 EDT

Futures Push Higher After Cool CPI Report

Equity futures jumped after March’s CPI report was cooler than expected. Dow futures are currently up over 200 points, while Nasdaq 100 futures are up about 1%.

— Jesse Pound

Wednesday, April 12, 2023 07:11 EDT

Earnings season could be problematic for bank stocks, investors say

Ben Gutteridge, Director of Model Portfolio Services at Invesco, discusses the outlook for bank stocks ahead of earnings season and the balance between fixed income and equity investments in the current market.

Wednesday, April 12, 2023 05:37 EDT

Mayor of London: Aiming to attract £20 trillion investment by 2030

London Mayor Nicholas Lyons discusses how to encourage investment in the city after Brexit.

Wednesday, April 12, 2023 04:23 EDT

Swiss Social Democratic Vice President: UBS-Credit Suisse takeover is a significant risk for the Swiss people

Samuel Bendahan, deputy leader of the Swiss Social Democratic Party, speaks out on the Swiss parliament’s refusal of the government’s bailout plan for Credit Suisse and the implications of the deal for Swiss taxpayers.

Wednesday, April 12, 2023 03:57 EDT

Stocks move: Volvo up 8%, Merck down 6%

Volvo shares rose 7.8% on better-than-expected first-quarter results. Operating profit was adjusted to SEK 18.4 billion ($1.77 billion), according to Refinitiv data.

The automaker said sales for the three months were up 10% year-on-year, and sales in March were up 8% year-on-year.

Volvo stock price.

German pharmaceutical company Merck hit the bottom of the STOXX 600 index at the start of trading, and shares fell 5.5%.

The pharmaceutical company announced Thursday that U.S. authorities have suspended onboarding new patients in one of its drug trials after two patients appeared to have drug-induced liver damage. Merck emphasized that both patients were asymptomatic and did not require medical intervention.

Merck stock price.

Wednesday, April 12, 2023 01:22 EDT

European Market: Click here for the opening call

European stock markets are expected to open on mixed Wednesday.

The UK’s FTSE 100 is seen down about 2 points at 7.780.2, Germany’s DAX is expected to rise 7.5 points to 15,661.4 and France’s CAC 40 is expected to fall 0.4 points to 7,394.8.

— Hannah Ward Glenton

Tuesday, April 11, 2023 21:26 EDT

Oil prices are edged higher as investors eye the Fed’s rate hike decision

Crude oil prices rose during morning trading in Asia as upcoming US inflation data continues to be the focus as it signals the next move on the US Federal Reserve (Fed) rate hike.

Brent crude futures traded 0.11% higher at $81.62 a barrel, while US West Central Texas futures rose 0.15% to $85.74 a barrel.

– Li Yingxiang

Wednesday, April 12, 2023 01:08 EDT

CNBC Pro: These 7 global stocks buck bear trend, analysts raise price targets

Investors are gearing up for the prospect of challenging developments as the corporate earnings season begins this week.

Analysts estimate that first-quarter revenue will fall 6.8% year-on-year, the biggest decline since the second quarter of 2020.

Despite this pessimistic outlook, there are some stocks that seem to buck the bearish trend. CNBC Pro found that his next seven stocks appear to run counter to direction.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Tuesday, April 11, 2023 21:18 EDT

Federal Reserve’s Kashkari Sees US Inflation Approaching 2% Next Year

Minneapolis Fed President Neil Kashkari said he believes inflation in the U.S. economy will approach the central bank’s 2% target in 2024.

Speaking at a town hall at Montana State University, he added that the bond market is “less optimistic” than the bond market, which is pricing in an impending recession in the U.S., and that the market expects faster-than-expected inflation. He said he was also seeing a decline. .

He also stressed that he expects inflation to drop to the “mid-triple range” by the end of 2023.

The US consumer price index rose 6% year-over-year in February, as expected. The March inflation report is scheduled for release overnight.

— Lee Ji-hye

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Latitude cyber attackers exfiltrated data on 20% of the population, according to the Privacy Commission

Latitude cyber attackers exfiltrated data on 20% of the population, according to the Privacy Commission

Macquarie's Eku Energy Selected for Massive 500MWh Canberra Large Battery

Macquarie’s Eku Energy Selected for Massive 500MWh Canberra Large Battery