An Hour Ago
European Equity Markets Start Trading Week on High Note
European stock exchanges opened higher across the board on Monday, as traders prepared for a strong start to the trading week.
The U.K.’s FTSE 100 is expected to be up 45.9 points to reach 7,795.2 and Germany’s DAX will increase 118 points to 15,718, according to IG data. France’s CAC index will be up 62.7 points to 7,381.8 and Italy’s MIB is set for a 205.5-point uptick to 26,894.6.
— Hannah Ward-Glenton
6 Hours Ago
Goldman Sachs Recommends 5 Stocks With Upside of More Than 70%
In light of recent market volatility, Goldman Sachs revisited some of its stock ratings, sticking to some and upgrading others.
Five stocks that made the firm’s conviction buy list were given higher price targets, giving them a large upside potential.
CNBC Pro subscribers can read more here.
— Weizhen Tan
4 Hours Ago
Bitcoin Breaks Key $30K Level After June 2022 High
Bitcoin surged Monday night, surpassing the psychological level of $30,000 as investors await key inflation data later in the week that could influence crypto prices.
The top cryptocurrency by market cap rose 7% to $30,193.25 for the first time since June, according to Coin Metrics. The U.S. consumer price index and producer price index due Wednesday and Thursday, respectively – will be key in determining if or when the Fed will pause or put an end to its rate hiking campaign.
Meanwhile, ether has been climbing ahead of its planned “Shanghai” tech upgrade, which is expected to bring a wave of negative sell pressure on the market as previously locked funds on Ethereum are released over the next few weeks. It advanced more than 3.5% to $1,925.11 for the first time since August as investors ahead of the upgrade, scheduled for Wednesday.
For more details, check out our full story here.
— Tanaya Macheel
6 Hours Ago
