4 Mins Ago
Stocks on the move: GTT up 5%, Scout24 down 5%
Shares of France’s Gaztransport & Technigaz (GTT) added 5% in early trade to lead the Stoxx 600. The multinational naval engineering firm last week announced that it had received several orders from Samsung Heavy Industries for the tank design for five new liquefied natural gas (LNG) carriers.
At the bottom of the European blue chip index, German digital marketplace Scout24 fell 5% after UBS issued a “sell” rating for the stock.
— Elliot Smith
12 Mins Ago
European markets open slightly lower
The pan-European Stoxx 600 index slipped 0.2% lower in the early minutes of Monday’s trade, with basic resources shedding 0.7% to lead losses as most sectors opened in the red. Oil and gas stocks bucked the downward trend to add 0.4%.
— Elliot Smith
An Hour Ago
Here are the opening calls
3 Hours Ago
CNBC Pro: Barclays names stocks set to gain from A.I. over the medium to long-term
Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence (AI) related services evolves.
The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft, are currently capturing the immediate economic benefits. Still, over the long term, it could see businesses in the service sector cashing in significantly.
Of the companies Barclays named, analysts expect two stocks to rise by more than 50% over the next 12 months
CNBC Pro subscribers can read more here.
— Ganesh Rao
5 Hours Ago
China’s producer prices fall further, consumer price remains unchanged
China’s producer price index fell further than expected with a decline of 5.4% year-on-year, further than a fall of 5% that economists surveyed by Reuters expected.
Consumer prices remained unchanged year-on-year, widely in line with expectations while the month-on-month reading fell 0.2%.
The onshore Chinese yuan strengthened fractionally and last traded at 7.2194 against the U.S. dollar.
