stocks, data, news and earnings

8 minutes ago

Commerzbank shares are up 4% as the bank re-enters the German DAX

Shares of Commerzbank skyrocketed in early trading after Germany’s second-largest lender rejoined the country’s DAX blue-chip stock index.

41 minutes ago

European markets open higher

The European Stoxx 600 index rose 0.8% shortly after Monday’s open, with all sectors positive.

It comes after European markets posted their strongest year-to-date decline last week. This week, traders will want to watch for inflationary prints from France, Spain, Germany, Italy and the Eurozone.

Energy stocks gained 1.43% on Monday, followed by the insurance sector up 1.4%.

The German DAX index shook off some of last week’s pessimism and gained 1.15%, while the French CAC 40 rose about 1% and the UK FTSE 100 rose 0.75%.

See chart…

Stoxx 600 index.

6 hours ago

CNBC Pro: ‘The Market Has Gone Too Far:’ Global Chief Strategist Predicts When the Fed Will Cut Rates

Despite attempts by the US Federal Reserve to tighten financial conditions, “the market has gone too far,” said Seema Shah, chief global strategist at Principal Global Investors.

The strategist told CNBC how the Federal Reserve might respond and when it will cut interest rates that could boost stock markets.

CNBC Pro subscribers can read more here.

Fri, Feb 24, 2023 3:16 PM EST

Investors should “control what they can control,” Baird says

According to Baird analyst Ross Mayfield, the market is currently feeling the effects of “too much good news at once”. With inflation remaining hot and the Federal Reserve expected to continue rate hikes, Mayfield advises investors to “control what [they] can control.”

“First, automate things: dollar cost averaging (investing over regularly scheduled intervals) is a great way to find outperformance in volatile/sideways markets,” Mayfield wrote in a Friday note.

“Second, review your allocation to make sure you’re well diversified and on plan.”

— Hakyung Kim

Fri, Feb 24, 2023 8:36 AM EST

Fed’s Mester says interest rates must go above 5% to quell inflation

Interest rates must go even higher to bring inflation down, Cleveland Federal Reserve President Loretta Mester said Friday.

“I see we need to get interest rates above 5%,” she told CNBC’s Steve Liesman during a “Squawk Box” interview. “We will figure out how much up there. That will depend on how the economy evolves over time. But I do think we need to be slightly above 5% and stay there for a while to put inflation on a sustainable downward path. get. up to 2%.”

Mester recently made headlines when she revealed she was among a small group of Fed officials who had been on January 31-February. 1 Federal Open Market Committee, wanted a rate hike of half a percentage point instead of a quarter-point step approved by the panel.

— Jeff Cox

6 hours ago

CNBC Pro: Investor Says Tech Isn’t At Its Lowest Yet – Reveals The FAANG Stocks To Avoid

Bear market rally or a new bull market? Market pros are skeptical about this year’s tech uptick, but investor Mark Hawtin thinks the worst is yet to come.

And while FAANG stocks are popular with many investors, Hawtin believes some are riskier bets than others.

Pro subscribers can read more here.

— Zavier Ong

4 hours ago

European markets: Here are the opening calls


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