European markets climb as global markets rally; Stoxx 600 up 2%

CNBC Pro: Credit Suisse is under pressure, but short sellers appear to be eyeing another global bank Investor anxiety over Credit Suisse sent its shares tumbling, but short sellers appear to be eyeing another European bank, data shows. Credit Suisse is only the eighth-most shorted European bank, with 2.42% of its floated shares used to … Read more

European markets climb as global markets rally; Stoxx 600 up 1.6%

Stocks on the move: Greggs, Accelleron up 5% Shares of British bakery chain Greggs gained 5.6% in early trade after reporting a rise in quarterly sales despite the deepening cost of living crisis and plummeting consumer confidence in the UK Accelleron shares added 5% as investors picked up the stock at a discount following the … Read more

European stocks, markets, earnings, data and news

British pound jumps on reports UK government will U-turn on cut to top tax rate The British pound jumped on Monday morning on reports that the UK government will reverse plans to scrap the top rate of income tax. Sterling gained 0.8% against the dollar to trade at around $1,1250 shortly after 7 am London … Read more

Stocks close out tough quarter on economic fears

LONDON European markets advanced on Friday, gaining some respite from a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead gains as all sectors and major bourses entered positive territory. Global stocks struggled in recent sessions … Read more

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

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