5 Hours Ago
European shares gain momentum
The pan-European Stoxx 600 index climbed 0.4% around 40 minutes into the session, after an uncertain open. Oil and gas stocks added 1% to lead gains as most sectors and major bourses entered positive territory.
The European blue chip index traded around the 479.5 mark, not far below the index’s record closing high of 483.44 notched in November 2021.
5 Hours Ago
Biggest movers: Vestas up 6%, Maersk down 4%
Vestas shares climbed more than 6% in early trade after the Danish wind turbine maker won a substantial new order in Australia, set to be delivered in the fourth quarter of 2024.
The momentum spread to other wind firms, with Siemens Energy up 4.8%.
Near the bottom of the Stoxx 600, shares of Danish shipping giant Maersk fell 4%.
– Elliot Smith
5 Hours Ago
A flat open in Europe
The pan-European Stoxx 600 index was little changed in early trade. Tech stocks added 0.6% to lead gains while insurance shares fell 0.4%.
The European blue chip index remained around the 477.6 mark, up 12.41% on the year and not far below the index’s record closing high of 483.44 notched in November 2021.
– Elliot Smith
6 Hours Ago
Here are the opening calls
14 Hours Ago
CNBC Pro: AI, wearables and more — these markets are booming as the world ages. The pros share 4 stock picks
The world is aging rapidly, and there are more and more ways to invest in this theme.
CNBC Pro asks expert investors in the area what the emerging trends are and the stocks to buy.
Subscribers can read more here.
— Weizhen Tan
14 Hours Ago
CNBC Pro: These 8 stocks rally with a 100% hit rate when a ‘golden cross’ chart pattern forms
Eight stocks have rallied every single time after a chart pattern known as a “golden cross” has occurred, according to CNBC Pro‘s analysis.
The golden cross pattern occurs when a stock’s short-term 50-day moving average goes above its long-term 200-day moving average on a chart. Wall Street often sees this as a bullish signal and an indicator of strong upward momentum that often precedes sustained gains.
The technical analysis of these stocks found that share prices rallied 100% of the time by 15% on average in the 30 days after forming the pattern.
CNBC Pro subscribers can read more here.
— Ganesh Rao
