An Hour Ago
We see tailwind in the second half of the year supported by the macro: Mediobanca CEO
Mediobanca CEO Alberto Nagel says he sees tailwinds for the company in the second half of this year, supported by the macro environment.
2 Hours Ago
US stocks open higher
U.S. stocks rose at the open, after the U.S. government said December’s inflation reading was even lower than first reported.
The S&P 500 broke above the 5,000 level, after briefly trading above the historic milestone on Thursday.
— Samantha Subin
7 Hours Ago
Barclays buys Tesco bank in $757 million deal
Light shining on the Tesco Bank telephone contact centre in Glasgow, Scotland.
Nurphoto | Getty Images
Barclays agreed to buy the majority of Tesco’s banking business in a deal worth £600 million ($756 million).
Barclays will take over Tesco Bank’s credit cards, loans and savings accounts as the U.K. supermarket chain retreats from its move into financial services.
Shares of Tesco were up 0.9% in early deals while Barclays shares fell 1.2%.
— Karen Gilchrist
9 Hours Ago
Stocks on the move: Ubisoft up 15%; L’Oreal down 7%
Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company.
Rafael Henrique | Sopa Images | Lightrocket | Getty Images
Shares of French video game Ubisoft maker were up 15% in early deals as the company pointed to a “turnaround” in its output in its latest earnings report.
Meanwhile, L’Oreal shares were down 7% after reporting lower-than-expected fourth-quarter sales Thursday in a sign of continued pressure on the luxury market.
— Karen Gilchrist
10 Hours Ago
German inflation falls to 3.1% in January
German inflation fell in January to 3.1%, new data from the the federal statistical office showed Friday.
The consumer price data confirms preliminary estimates and is down from a 3.8% year-on-year rise in inflation in December.
— Karen Gilchrist
10 Hours Ago
European markets: Here are the opening calls
European markets are set to open in positive territory Thursday.
The U.K.’s FTSE 100 index is expected to open 13 points higher at 7,606, Germany’s DAX down 15 points at 16,945, France’s CAC down 23 points at 7,634 and Italy’s FTSE MIB 33 points higher at 31,220, according to data from IG.
Earnings are set to come from Unilever, Societe Generale, Maersk, Siemens and Adyen.
— Karen Gilchrist
Wed, Feb 7 2024 6:10 PM EST
CNBC Pro: Nintendo’s stock could rise by 30%, say analysts — if it overcomes these hurdles
Japanese video game company Nintendo‘s stock price could rise by over 30% in the next 12 months if its highly anticipated console proves a success and overcomes several hurdles, according to equity analyst David Gibson.
The gaming company could leverage its 130 million strong customer base to sell its next-generation devices. Its shares are traded in the United States, Germany and Japan.
CNBC Pro subscribers can read more here.
— Ganesh Rao
Wed, Feb 7 2024 6:12 PM EST
CNBC Pro: Asset manager names one under-the-radar market to buy when times are bad, giving 6 stock picks
Concerns over worsening geopolitical tensions, volatility in corporate earnings and uncertainty on when the U.S. Federal Reserve will cut interest rates have sent some investors on the hunt for safe-haven assets – and markets – to put their money in.
One European index stands out to portfolio manager Carla Bänziger even in a falling market, thanks to the “decent valuations” of its large and small- mid-cap stocks.
“People recommend investing in [this] market during uncertain periods – like if you are expecting a recession. For retail investors, I think it would make sense to have part of your investments in [these] equities to balance out any volatility in the market,” the portfolio manager said, naming six stocks to invest in.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
