Home Markets European markets open to close, data and earnings

European markets open to close, data and earnings

by admin
0 comment

Stocks in action: Teleperformance gains 5%, Ambu drops 11%

Shares of a French call center company tele performance The stock rose more than 5% to lead the Stox 600 after Citigroup raised the stock to ‘buy’ from ‘neutral’.

Danish healthcare device company at bottom of index Ambu It plummeted more than 11% after reporting quarterly losses.

– Elliott Smith

Credit Suisse sells most of its securitized products business to Apollo to accelerate its restructuring.

credit suisse announced on Tuesday that it will accelerate its restructuring of the investment bank by selling most of its Securitized Products Group (SPG) to Apollo Global Management.

Credit Suisse said the transaction, along with the potential sale of other assets to third-party investors, is expected to reduce SPG’s assets from approximately $75 billion to $20 billion.

The bank said the move “is an important step towards a controlled exit from the securitization business, significantly reducing risk for investment banks and freeing up capital to invest in the core business of Credit Suisse.” It is expected to do so,” he said.

Read the full text here.

– Elliott Smith

China’s industrial output, retail sales fall below expectations in October

China’s industrial production rose 5% in October, slowing from the 6.3% increase seen a year ago. SeptemberThe latest figures miss estimates of a 5.2% rise predicted by a Reuters poll.

Separately, retail sales in China fell 0.5% year-on-year in October, lower than expected.

Analysts polled by Reuters expected a 1% increase, with retail sales up 2.5% in September.

— Abigail Ng

CNBC Pro: China is easing Covid measures. Here’s how the market pros are playing it

Which stocks could benefit if China rolls back its zero Covid policy? Market experts reveal how reopening should go as China eases some virus measures to

Pro subscribers can read more here.

— Xavier Ong

CNBC Pro: Morningstar’s top strategist says stocks are 15% undervalued, shares six favorites

With many stocks in a bear market, stocks could be 15% cheaper, according to Morningstar.

The chief U.S. strategist at an equity research firm believes headwinds seen at the start of the year will begin to wane early next year, benefiting equities.

Dave Sekera also shared a “fair value” assessment of six companies with a “wide economic moat” that would outperform in such an economic environment.

CNBC Pro subscribers can read more here.

— Ganesh Rao

European Market: Click here for the opening call

European markets are set to open in various regions on Tuesday.

UK’s FTSE Index fell 14 points to 7,374, Germany’s DAX fell 6 points to 14,312, France’s CAC rose 10 points to 6,617 and Italy’s FTSE MIB fell 19 points to 24,464, according to IG data. expected to start.

Global markets will be watching the G20 summit event in Bali, Indonesia on Tuesday.

The IEA’s latest oil market report, as well as Infineon and Vodafone earnings, will be released.

— Holly Eliyat

You may also like

Copyright ©️ All rights reserved. | Investors Radar