We still need to prepare for higher interest rates, analyst says
Sunil Krishnan, head of multi-asset funds at Aviva Investors, discusses the October consumer inflation reading.
Euro zone industrial production jumps in September
Eurozone industrial production was much stronger than expected in September, Eurostat said on Monday, up 0.9% month on month for an annual gain of 4.9%.
Economists polled by Reuters had expected a gain of 0.3% per month and 2.8% year-on-year. The August figure was also revised upwards, from 1.5% to a monthly increase of 2%.
Stocks in motion: Informa up 6%, Roche down 4%
Shares of Information climbed more than 6% in early trade to top the Stoxx 600 after the British publishing company updated its forecast for 2022.
At the bottom of the Stoxx 600, rock fell 4.7% after the Swiss pharmaceutical company’s Alzheimer’s drug candidate failed two long-awaited trials.
Bitcoin drops below $16,000 to lowest since November 2020 as FTX saga continues
CNBC Pro: A retail stock just hit an all-time high — and Bank of America thinks it still needs to go higher
This year’s bear market wiped out trillions of dollars of market capitalization from the stock market, but a few stocks outperformed significantly during this period.
Bank of America identified three retail stocks that bucked the trend, and said one remains a buy.
Pro subscribers can find out more here.
— Zavier Ong
CNBC Pro: UBS says disinflation is on its way — and shares 8 global stocks to play it
Swiss bank UBS has predicted “strong” disinflation in 2023.
He said weak growth coupled with ‘mechanical’ indicators, such as easing supply chain bottlenecks and rising commodity inventories, would lead to lower prices next year. .
The investment bank selected stocks that would benefit from such an environment.
CNBC Pro subscribers can learn more on their predictions, and eight stocks we’ve highlighted in their list.
European markets: here are the opening calls
European markets are expected to open in positive territory on Monday, with global markets still enjoying a boost from last week’s US inflation figures, which showed that prices rose less than expected in October.
Britain’s FTSE index is expected to open 13 points higher at 7,338, Germany’s DAX up 45 points at 14,283, France’s CAC up 30 points at 6,627 and Italy’s FTSE MIB down 136 points at 24. 459, according to data from IG.
Data releases include Eurozone industrial production figures for September. There are no significant gains.