European markets open slightly higher on final day of first half; traders await key inflation data
An Hour Ago
European markets: Here are the opening calls
European equity markets are expected to tick upwards in Friday trading, according to forecasts by IG. The U.K.’s FTSE 100 is seen to opening 20 points higher at 7,491.2, while Germany’s DAX looks set to gain 34.5 points at 15,969.4. The data suggest that France’s CAC will rise 13.6 points at 7,328.4, and Italy’s MIB will jump 68.5 to 28,091.0.
— Hannah Ward-Glenton
7 Hours Ago
CNBC Pro: Aging populations are creating major opportunities, fund manager says. Here’s how he’s investing
Populations across the world are living for longer, and that’s opening up a slew of investment opportunities, according to fund manager Dani Saurymper.
“This is an investable area today, and it will become increasingly more relevant and apparent as we go through forward into the future,” he told CNBC Pro Talks last week.
Here’s what Saurymper says about how to invest in an aging population — and which stocks to buy.
CNBC Pro subscribers can read more here.
— Weizhen Tan
5 Hours Ago
China’s factory activity remains in contraction territory
China’s factory activity data stayed in contraction territory for the month of June, according to the National Bureau of Statistics’ latest purchasing managers’ index reading.
The NBS manufacturing PMI came in at 49, below the 50-mark that separates contraction and growth for the third consecutive month.
The PMI reading in May stood at 48.8, the lowest since December. The Chinese yuan weakened to 7.26 against the U.S. dollar.
7 Hours Ago
CNBC Pro: UBS identifies a catalyst that could trigger a stock market sell-off in the second half
Strategists at UBS have identified a number of factors that could spark a potential sell-off in stock markets in the second half of this year.
The investment bank said while many analysts had predicted that a recession would put stocks at risk, the catalyst for a downturn may now be in sight.
CNBC Pro subscribers can read more here.
— Ganesh Rao
6 Hours Ago
Fed’s preferred inflation gauge is out Friday
The Federal Reserve’s favorite inflation gauge — the personal consumption expenditures price index — will be out on Friday morning.
Economists polled by Dow Jones are calling for core PCE, which excludes volatile energy and food prices, to have gained 0.3% on a monthly basis in May and to have added 4.7% year over year. In April, the gauge ticked higher by 0.4% from the prior month and gained 4.7% on an annualized basis.
St. Louis Fed President Jim Bullard has pointed to three reasons behind why the Federal Open Market Committee favors PCE over the consumer price index. First, PCE accounts for substitutions that people make as they substitute some goods and services for others. Second, the PCE has more comprehensive coverage of goods and services. Finally, historical PCE data can be revised.
-Darla Mercado
