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53 minutes ago
Stock prices rise: Standard Chartered rises 6.6%, Lufthansa falls 4.5%
Standard Chartered shares rose 6.6% in early trade to top the Stoxx 600 after the company reported higher pre-tax profits in its full-year results and announced a $1 billion share buyback program. .
Meanwhile, Lufthansa’s shares fell 4.5% as strikes over employee pay weighed on the German airline.
— Karen Gilchrist
9 hours ago
CNBC Pro: Need an Nvidia alternative? These six chip suppliers stand to benefit greatly from the AI boom
Many of the stocks that supply Nvidia are likely to benefit from the AI boom, as the U.S. semiconductor giant reported another impressive quarterly result.
The acceleration of AI trends means that their network of suppliers will directly or indirectly benefit from the growth.
CNBC has selected companies that are suppliers to Nvidia and could benefit from the AI growth story.
CNBC Pro subscribers can read more here.
— Ganesh Rao
9 hours ago
CNBC Pro: Goldman Sachs releases “Seven Samurai” — Japanese version of “Magnificent Seven” stocks
2 hours ago
European Market: Click here for opening call
European markets are set to open higher on Friday.
According to IG data, the UK’s FTSE 100 index is expected to open four points lower at 7,686, Germany’s DAX up 23 points to 17,396, France’s CAC up six points to 7,921 and Italy’s FTSE MIB. It is expected to open at 32,403, down 4 points.
Allianz, BASF and Standard Chartered are scheduled to report results on Friday, while Germany is scheduled to release fourth-quarter gross domestic product data.
— Karen Gilchrist
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