Stocks, news, earnings and data

Stocks, news, earnings and data

15 minutes ago

Stocks on the Go: Energean up 8.5%, Embracer Group down 13%

Shares of hydrocarbon exploration company Energean led European stocks in morning trade, rising 8.5%.

The company’s share price had fallen after the full year was published results Last Thursday, which showed that it swung from a loss of $96.2 million to a profit of $17.3 million and laid out a plan for growth.

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Energean stock price.

Embracer Group, the Swedish media holding company, fell 13.6%.

In a statement Monday afternoon, the company He said Some of the partnership and licensing agreements that have been in the works will be completed a little later than planned.

Embracer also appeared in a financial times The report cited investor concerns about the company’s light approach to consolidating new business and the gap between its actual and adjusted earnings.

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Embracer Group share price.

one hour ago

French business confidence is plummeting

Garbage bins fill the streets as garbage collectors strike in Paris, France on March 20, 2023. Garbage collectors have joined massive strikes across France against pension reform plans.

Mustafa Yalgin, Anadolu Agency | Getty Images

Business confidence in France fell in March, Numbers From the NSA showed ANSI.

The index compiled from business managers’ responses lost 1 point from February, although it remained above its long-term average.

Sentiment weakened in retail, services, manufacturing and building construction, with only wholesale trade improving.

Figures released on Monday showed that business morale in Germany rose for the fifth consecutive month in February, as measured by… Ifo Business Climate Index.

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– Jenny Reed

2 hours ago

European stocks open higher

European stocks were higher early on Monday, with the Stoxx 600 index up 0.5% at 8:20 am London time.

Oil and gas stocks rose 1.44%, mining stocks rose 1.36% and banks continued to regain some positive momentum, up 1.2%.

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Stoxx 600 index.

3 hours ago

Bailey: UK banks are ‘resilient’, and inflation remains the main focus

Bank of England Governor Andrew Bailey said in a speech Monday night that he has confidence in Britain’s banking system and regulatory framework, which allows the central bank to remain focused on reducing inflation.

He described UK banks as “resilient, with strong capital and liquidity positions, and well placed to support the economy.” Sky News reported.

“We have a strong macroprudential policy regime in this country. With the Monetary Policy Committee on the issue of securing financial stability, the Monetary Policy Committee can focus on its important job of getting inflation back on target,” Bailey said.

The Bank of England raised its main interest rate by 25 basis points to 4.25% last week, after inflation came in higher than expected at 10.4% in February.

– Jenny Reed

4 hours ago

We are not headed for a global financial crisis: CEO

Policymakers were right to shoot first and ask questions later amid recent banking volatility, Thanos Papasavas, founder and CEO at ABP Invest, told CNBC.

6 hours ago

Bitcoin, Ether Drop After Binance Founder’s Name In US Complaint

Bitcoin and ether prices are down nearly 3% in Asian morning trade, according to currency metrics After US officials filed a complaint against cryptocurrency exchange Binance and its co-founder Changpeng Zhao.

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The order alleged that the company actively responded to US users and sabotaged the exchanges’ “ineffective compliance program.”

Bitcoin is down 3.09% in the last 24 hours, according to Coin Metrics, and is trading at $27,003 — while ether is also down 2.95% to $1,712.

Bitcoin is up nearly 63% qoq and is on pace to mark its best quarter since Q1 2021, when bitcoin was up 103.73%. It is also on track for a third straight month of gains.

Ether is also up 41.3% on a quarterly basis and is on pace to post its best quarter since Q1 2021, when the cryptocurrency gained more than 150%.

– Rohan Goswami, Gina Francola, Jihye Lee

9 hours ago

CNBC Pro: With small companies hitting multi-decade lows, one fund manager reveals 3 stocks to buy

The market sell-off earlier this month hurt small-cap stocks more than their larger peers.

However, Josh Bennett, senior portfolio manager in Algeria, believes that volatility has created opportunities for investors to pick stocks that will outperform in the medium to long term.

Bennett identified three stocks that he says have the potential to generate resilient profits through a potential recession.

CNBC Pro subscribers can read more here.

– Ganesh Rao

8 hours ago

Rise of Asia-Pacific financial banks SVB deal offers relief on Wall Street

9 hours ago

CNBC Pro: Morgan Stanley upgraded a slew of stocks to overweight — here are 5

5 hours ago

European Markets: Here are the opening calls

European markets are heading for a positive open on Tuesday.

The UK’s FTSE 100 is expected to open 18 points higher at 7,498, Germany’s DAX is 41 points higher at 15,177, France’s CAC is up 24 points at 7,104, and Italy’s FTSE MIB is up 85 points at 25,822, according to data from IG. .

On Tuesday, earnings are due to come from the Man Group and data releases will include French business climate data and Italian consumer confidence numbers.

– Holly Elliott

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