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1 hour ago
UK GDP growth in January is ‘not a very positive picture’, but progress is being made, economist says
Jack Mean, chief UK economist at Barclays, said gross domestic product (GDP) grew by 0.2% in January, following a 0.1% contraction in December.
3 hours ago
UK economy grew slightly in January
Pedestrians pass the Elizabeth Tower, also known as Big Ben, at the Palace of Westminster, home to the Houses of Parliament, on February 22, 2024 in London. Protect yourself from the rain with an umbrella.
Henry Nichols AFP | Getty Images
UK gross domestic product (GDP) rose 0.2% in January, the Office for National Statistics said on Wednesday, in line with expectations.
This follows a 0.1% decline in December.
The UK economy entered a technical recession in the final quarter of last year.
— Jenny Reid
10 hours ago
CNBC Pro: Goldman Sachs just added and removed stocks from its ‘Conviction List’ of Asia’s top stocks
Goldman Sachs has updated its “Conviction List” of top Asia-Pacific stocks for March, adding some major names and removing others.
The bank struck an optimistic tone for the region, noting that the region’s markets had recovered January’s losses and remained flat year-to-date.
In a March 3 memo clarifying which stocks they have added and which stocks they have added, analysts at the investment bank wrote that “the disparity in market, sector, and factor performance is wide; “The lack of large-cap bias reinforces the regional opportunity theme.” It was deleted.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
10 hours ago
CNBC Pro: Sell Nvidia or stick with it? Here’s what investors say
Nvidia has seen an astronomical rise on the back of artificial intelligence buzz, soaring more than 200% in 2023 alone.
The stock fell more than 5% on Friday and another 2% on Monday, but is still up about 73% this year.
Is it time to take even a partial profit, or should investors stay put? Here’s what current holders of Nvidia stock are doing or planning to do with their positions.
CNBC Pro subscribers can read more here.
— Tan Weizhen
5 hours ago
European Market: Click here for opening call
European markets are set to open in mixed territory on Wednesday.
According to IG data, the UK’s FTSE 100 index is expected to open four points higher at 7,750, Germany’s DAX is expected to drop 19 points to 17,950, France’s CAC is down 12 points to 8,078 and Italy’s FTSE MIB is expected to fall 10 points to 33,735.
Earnings are expected from Inditex, Adidas and Volkswagen, as well as Metrobank and Balfour Beatty. The data releases include the euro zone industrial production statistics for January and the UK gross domestic product (GDP) estimates for January.
— Holly Ellyatt
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