An Hour Ago
German Chancellor Olaf Scholz reiterates “unalterable solidarity” with Ukraine in phone call with Volodymyr Zelenskyy
German Chancellor Olaf Scholz engaged in a discussion regarding Ukraine’s current political, military, and humanitarian condition during a phone call with Volodymyr Zelenskyy. The German government stated that Scholz affirmed Germany’s commitment to standing by Ukraine, along with its European and international allies. Emphasizing “ongoing and unequivocal solidarity” with Ukraine, Scholz also expressed belief that Ukraine’s “future lies in the European Union.”
3 Hours Ago
U.S. stock market opens slightly higher
At the opening of the market on Thursday, the major indexes were as follows:
– Pia Singh
3 Hours Ago
Fed’s John Williams foresees high interest rates “for quite some time”
John Williams, President of the New York Federal Reserve, projected that maintaining a “restrictive” stance on interest rates is necessary to address inflation and restore balance. Despite this, Williams acknowledged that the Fed is nearing the peak level at which the fed funds rate should be set. Furthermore, he anticipated a decrease in inflation to around 2.25% in 2024, followed by a return to the 2% target in the subsequent year.
— Jeff Cox
6 Hours Ago
Euro weakens following lower-than-expected euro zone inflation
After data showed that euro zone inflation stood at 2.4%, lower than the forecasted 2.7%, the euro declined against the U.S. dollar and British pound. The euro was down by 0.55% against the U.S. dollar at $1.091 and declined by 0.06% against the sterling at 0.863. Analysts are assessing the implications of the figures for potential interest rate adjustments by the European Central Bank next year, with expectations for a challenging landscape for any remaining ECB proponents.
— Joe Tuckey
[Display chart of Euro-dollar exchange rate]
8 Hours Ago
Unemployment increases in Germany during November
According to the Labour Office, the seasonally adjusted unemployment rate in Germany rose by 22,000 in November, resulting in approximately 2.702 million unemployed individuals. This data aligns with previous forecasts by analysts and translates to a jobless rate of 5.9%, up from October’s 5.8%.
— Sophie Kiderlin
9 Hours Ago
European markets open higher for the last day of November
European markets experienced a positive opening for the last day of November, with fluctuations in various sectors. Oil and Gas stocks saw an increase of close to 1%, while chemicals dipped by about 0.4%. The Stoxx 600 index rose by approximately 0.14% and maintained nearly a 6% rise for the month of November.
— Sophie Kiderlin
10 Hours Ago
French inflation decelerates, third-quarter GDP contracts
French inflation slowed down to 3.4% on an annual basis in November, reflecting a decrease from the previous month’s 4%. Additionally, data indicated a slight decline of 0.2% in inflation compared to the previous month. The French economy also experienced a contraction in the third quarter, with the gross domestic product decreasing by 0.1%.
— Sophie Kiderlin
10 Hours Ago
German retail sales exceed expectations
In October, German retail sales showcased a significant 1.1% rise from the previous month, surpassing the anticipated 0.4% increase projected by analysts. Non-food items drove the elevated sales, while food retail sales weakened. On an annual basis, retail sales slightly decreased by 0.1%.
— Sophie Kiderlin
16 Hours Ago
CNBC Pro: Stocks poised for a bullish rally with “golden cross” pattern
Three stocks demonstrate a chart pattern known as a “golden cross,” indicating potential upcoming rallies. The pattern emerges when a stock’s 50-day moving average share price surpasses the longer-term 200-day moving average. Technical analysts view this instance as a bullish sign of potential future growth, coinciding with a nearly 10% rally in the S&P 500. Additional details and insights for CNBC Pro subscribers.
— Ganesh Rao
16 Hours Ago
CNBC Pro: Nvidia and other global stocks poised for growth amid $324 billion autonomous vehicle boom
According to Fubon Research, stocks related to autonomous vehicles have positive prospects, following expectations of substantial growth. The development of Advanced Driving Assistance Systems and electric vehicles is anticipated to lead an annual compound growth, contributing to a burgeoning industry. In-depth exploration of the stocks associated with this trend available for CNBC Pro subscribers.
— Amala Balakrishner
16 Hours Ago
CNBC Pro: Evaluating cash versus bonds for investment prospects in the next 2 years and beyond
Investors are prompted to re-evaluate the investment landscape, considering the possibilities of earning from cash deposits versus bond investments. Pros and cons and insights delivered within the fixed income space, examining how various global markets may influence decision-making processes. More information on this exploration available for CNBC Pro subscribers.
— Weizhen Tan
Tue, Nov 28 2023 11:45 PM EST
European market openings: Preview of the expected performance
The FTSE 100 index in the U.K. is anticipated to open higher at 7,425, the DAX in Germany could increase to 16,194, the CAC in France is projected to open at 7,277, and Italy’s FTSE MIB is expected to rise to 29,730. Preliminary euro zone inflation data for November and final third-quarter gross domestic product data for France are anxiously awaited by regional investors, further insights on the German unemployment figures for November expected.
— Holly Ellyatt
