37 Mins Ago
Here are the opening calls
6 Hours Ago
CNBC Pro: Stocks will tank if the U.S. avoids a recession, Investec equities strategist says
Stock markets might suffer if the United States economy sidesteps a recession that many believe is just around the corner, according to Investec equities strategist Roger Lee.
Lee also explained why markets will fall and where to hide when the downturn begins.
CNBC Pro subscribers can read more here.
— Ganesh Rao
6 Hours Ago
CNBC Pro: Goldman picks a raft of discounted global stocks — and gives two more than 100% upside
Analysts at Goldman Sachs have picked a number of global stocks it says are trading at a discount — and said two of its picks could rise more than 100% over the next 12 months.
The stocks all appear on Goldman’s list called “value buys with earnings upside potential.”
“We screen for Buy rated stocks that are trading at attractive valuations relative to their own history … and the broader market (SXXP), where our analysts see upside risks to consensus 2023/24E EPS [earnings per share],” the bank’s analysts said.
CNBC Pro subscribers can see which stocks made the list here.
— Lucy Handley
3 Hours Ago
New Zealand holds interest rate at 5.5%, first pause since October 2021
New Zealand’s central bank has held its benchmark interest rate at 5.5%, marking the first pause for the Reserve Bank of New Zealand since October 2021.
The RBNZ said the current level of interest rates are “constraining spending and inflation pressure as anticipated and required.”
However, the central bank said interest rates still need to “remain at a restrictive level for the foreseeable future,” to ensure that consumer inflation returns to its target range of 1-3%.
— Lim Hui Jie
4 Hours Ago
Japan’s wholesale inflation slows for sixth straight month to 4.1%
Japan’s corporate goods price index rose at a slower pace of 4.1% year-on-year in June, the sixth straight month that growth has slowed.
Also known as the wholesale inflation gauge, the 4.1% figure is lower than May’s revised print of 5.2%, and also the slowest inflation rate recorded since April 2021.
The corporate goods price index measures the price companies charge each other for their goods and services.
— Lim Hui Jie
