European markets rebounds after BoE steps in to calm markets

CNBC Pro: Analyst says this FAANG stock is an evergreen winner — and investors should buy the dip Tech stocks have had a difficult year so far but a Rosenblatt Securities analyst thinks the sell-off is an opportunity for long-term investors to buy the dip. “Stay away from the losers,” he said, recommending “winners in … Read more

European markets open to close, earnings, data and news

The Bank of England is right to hold off on rate hikes as the pound slumps, investment director says The UK’s central bank shouldn’t rush to increase interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the slumping pound. “I don’t think it’s the Bank of England’s … Read more

Dow erases losses as tech rally helps overcome dollar pressure

The Dow Jones Industrial Average erased earlier losses as a rally in tech stocks offset dollar pressure. The Dow gained 14 points, or 0.1%. The S&P 500 rose 0.6%, and the Nasdaq Composite advanced 1.4%. Consumer discretionary and information technology gave support to stocks, both up 1.3% and 0.8%, respectively. Casino stocks outperformed following news … Read more

European markets open to close; sterling slumps against the dollar

Brent crude slides below $85 a barrel as dollar surges Brent crude fell below $85 a barrel Monday, as recession fears mount and the US dollar surged. Brent futures for November settlement were trading down about 1% around $84.92 at 8 am London time. West Texas Intermediate futures also fell to trade around $77.93. Central … Read more

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the UK The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red. Oil and gas stocks and basic resources were the biggest fallers, … Read more

European markets open to close, BOE and SNB rate decisions

Market open: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trade Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The state-owned energy company shifted its stake in a nationalization deal. French hospitality company Accor saw its shares fall 6.3% … Read more