[ad_1]
50 minutes ago
US stocks rise
US markets rose on Tuesday after the latest US inflation data was broadly in line with expectations, paving the way for further momentum in the stock market.
The Dow Jones rose 0.8% in early trading, while the S&P 500 rose 1%. The Nasdaq Composite also rose 1.2%.
— Karen Gilchrist
3 hours ago
We are in a ‘major’ IPO window: UBS
UBS’s Gareth McCartney talks about the initial public offering market and what investors are looking for.
7 hours ago
UK wage growth slows as employment rate declines
A staff recruitment sign is posted in the window of a restaurant in the Soho district of London, England, on Tuesday, September 7, 2021.
Bloomberg | Bloomberg | Getty Images
The Office for National Statistics said on Tuesday that regular wage growth in the UK between November 2023 and January 2024 was 6.1%. Analysts said the report was unlikely to derail expectations that the Bank of England would start cutting interest rates towards mid-2023. Year.
Year-on-year wage growth slowed to the level seen in the August-October 2022 period, slightly below the 6.2% forecast by economists polled by Reuters.
The wage increase rate, including bonuses, was 5.6%. Wage growth continues to outpace inflation, with total real wages increasing by 1.4%.
Meanwhile, the UK’s employment rate fell by 0.1 percentage point to 75%, but the number of paid employees rose by 15,000 in January.
“The moderation in wage growth in January will still be a little too slow for the Bank of England’s liking, but there are encouraging signs that a more pronounced slowdown is on the horizon and a June interest rate cut is likely,” Paul said. There are,” he said. Dales, chief UK economist at Capital Economics, said in a note:
“The fact that the number of job openings fell further from 928,000 in the three months to January to 908,000 in the three months to February, a 32-month low, shows that the labor market is This suggests that rates are continuing to ease more than they have eased…combined with CPI inflation falling below the 2% target in April, this may be enough to prompt a summer rate cut.” added Dales.
— Jenny Reid
15 hours ago
CNBC Pro: Barclays names 3 global stocks to buy next quarter, gives one 35% upside potential
Barclays has named three European stocks that investors should consider buying next quarter.
Strategists at the Wall Street bank said they had “strong confidence” in these companies because their “risk-adjusted returns are attractive.”All three of his stocks are also traded in the US.
CNBC Pro subscribers can read more here.
— Ganesh Rao
15 hours ago
CNBC Pro: “Really, really cheap”: Pro lists 4 stocks with little attention for China’s recovery
11 hours ago
European Market: Click here for opening call
European markets are set to open higher on Tuesday.
According to IG data, the UK’s FTSE 100 index rose 51 points to 7,718, Germany’s DAX rose 105 points to 17,847, France’s CAC rose 51 points to 8,069 and Italy’s FTSE MIB rose 173 points. It is expected to start at 33,495.
Revenue comes from Lego and Persimmon. The European statistics release includes the UK unemployment rate for January.
— Holly Ellyatt
[ad_2]
Source link
