56 minutes ago
European stocks open higher
European stock markets opened higher before extending gains in early trade, with the Stoxx 600 up 0.9% at 9:07 AM GMT.
All sectors posted gains and technology stocks rose 2%, after upbeat sessions in the US and Asia Pacific markets.
Stoxx 600 index.
one hour ago
Ubisoft shares soared as the company joined Microsoft’s new Activision offering
French game company Ubisoft Entertainment rose 6.6% at 8:32 AM GMT, after Microsoft unexpectedly presented UK regulators with a new deal to acquire Activision Blizzard.
Under the restructured deal, Microsoft will not acquire the cloud rights to existing Activision PC and console games, or to new games released by Activision over the next 15 years. The rights will instead be transferred to Ubisoft prior to any acquisition.
Microsoft’s initial offer to buy the Call of Duty game juggernaut has been rejected by UK authorities. A decision on the new deal is scheduled for October. 18.
Read the full story here.
Ubisoft stock price.
—Jenny Reed, Arjun Kharpal
2 hours ago
Gas strike talks in Australia: Discussions with the workforce have been constructive, says Woodside Energy
Woodside Energy CEO Meg O’Neill discusses Australian unions’ plan to hit gas rigs and says the company is optimistic about being able to avoid a major industry move, adding “but again, at the end of the day” that would be the unions’ call if they wanted to use some of those tools. available to them.”
2 hours ago
European stocks: Here are the opening calls
European stock markets are set to open higher on Tuesday, according to data from IG.
The FTSE 100 is up 19.5 points at 7278, the German DAX is up 86.6 points at 15,683, and the French CAC 40 is up 39 points at 7,236.
7 hours ago
SoftBank shares climb after Arm files for listing
Shares of SoftBank Group rose as much as 3.36% on Tuesday after news that its chip unit Arm has filed for a Nasdaq listing.
Arm did not disclose the share price and therefore does not yet have a valuation for the listing, but Reuters said it is expected to be the “biggest of the year”.
SoftBank shares pared gains later in the session and are currently up 2.16%.
18 hours ago
The 10-year Treasury yield is at its highest level since 2007
US Treasury yields rose on Monday as investors remain concerned that interest rates may remain higher for longer than expected. The yield on the 10-year Treasury rose more than 9 basis points to 4.34%, trading near levels last seen in 2007.
– Piya Singh
8 hours ago
CNBC Pro: UBS Names the Stocks That Will Pull the Stoxx Europe 600 Down 10% This Year
UBS has identified stocks at risk of dragging one of Europe’s largest stock indexes down 10% by the end of this year.
The Swiss investment bank said the top performers in 2023, such as chip stocks and luxury goods makers, are at risk of significant declines by the end of the year.
CNBC Pro subscribers can read more here.
– Ganesh Rao
13 hours ago
Allianz economist says Powell is likely to focus on short-term monetary policy in Wyoming
Federal Reserve Chairman Jerome Powell may not be focusing on what’s best for him in his remarks from Jackson Hole, Wyoming, later this week, according to Mohamed El-Erian, chief economic advisor to Allianz.
“It’s more likely that he will probably talk about short-term monetary policy issues,” El-Erian said on CNBC’s “Squawk on the Street.” “I don’t think that’s the best thing to do, because the situation is very delicate at the moment.”
However, El-Erian said the central bank chief could be helped in the “target-rich environment,” adding that there was “a lot” he could talk about.
– Alex Haring
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