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7 minutes ago
Stocks are rising: Flutter Ent, Richemont are rising.swiss clock down
4 hours ago
Barclays CEO: ‘I’m very optimistic about the UK’
Barclays CEO CS Venkatakrishnan said in an interview with CNBC at the World Economic Forum in Davos, Switzerland, that he was “very optimistic” about the outlook for the UK economy.
“I think British consumers are in a very decent position…those pent-up savings are being eroded.On the other hand, it’s a variable rate mortgage market and there’s been a lot of mortgage adjustment. “Interest rates have been fixed for about three years, and interest rates have been rising for about three years,” he said.
Typical products offered to UK consumers are two-year and five-year mortgages.
He added: “Energy prices are stabilizing, which means the two factors that have hit household budgets are coming down. I would say we are very optimistic about the UK.”
— Lucy Handley
11 hours ago
CNBC Pro: These 14 undervalued stocks are off to a great start in 2024, with Wall Street expecting 2 to soar more than 30%
The stock market has risen over the past two months, reaching near all-time highs.
But some companies’ stocks are trading at deeper discounts than in recent history, creating an opportunity for investors.
CNBC Pro screened the MSCI World Index and found 14 stocks that are trading at a discount with significant upside potential. Subscribers can read more here.
— Ganesh Rao
7 hours ago
European Market: Click here for opening call
European markets are set to open in mixed territory on Thursday.
According to IG data, the UK’s FTSE 100 index is expected to open three points higher at 7,439, Germany’s DAX rises 20 points to 16,431, France’s CAC falls seven points to 7,307 and Italy’s FTSE MIB is expected to drop 36 points to 30,118.
French economic data for December is scheduled to be released. There are no corporate releases.
— Holly Ellyatt
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