An Hour Ago
European markets: Here are the opening calls
European markets are set to open higher after a downbeat week, according to IG data. The U.K.’s FTSE 100 is set to open at 7,536, up 18.5 points, and Germany’s DAX up 32.5 points to 15,917.3. France’s CAC will be up 25.1 points to 7,273.2, according to the forecast, and Italy’s MIB stands to gain 56.3 points to 28,853.8.
— Hannah Ward-Glenton
7 Hours Ago
CNBC Pro: European stocks are in for a big fall — and the signs are in the economic data, UBS and BofA warn
Investment banks are bearish about European stocks because of a rapid deterioration in economic data.
UBS and Bank of America have predicted a bigger tumble for European stocks than a mere correction or pullback.
— Ganesh Rao
16 Hours Ago
Bill Ackman says he’s betting against 30-year Treasurys
Investor Bill Ackman said he is betting against 30-year Treasurys as a hedge against the impact of long-term rates on stocks.
Ackman, the founder of Pershing Square Capital Management, said he is “short in size” on the 30-year Treasurys because it’s also “a high probability standalone bet.” He said he would be very surprised if we don’t find ourselves in a world with persistent 3% inflation.
He added that he’s implementing the short position through put options.
— Yun Li
7 Hours Ago
CNBC Pro: ‘Stark contrast’ to China: Morgan Stanley upgrades India stocks and shares 4 top picks
Morgan Stanley upgraded Indian stocks to “overweight,” citing a strong profit outlook and the country’s attractiveness to investors in a “multipolar world.”
India’s situation is in “stark contrast to that in China,” the bank said in its Aug. 2 note.
Morgan Stanley also named its top India picks.
— Weizhen Tan