51 Mins Ago
UK house prices fall for first time in six months
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U.K. house prices fell 1% in March, following five months of consecutive gains, new data from mortgage lender Halifax showed Friday.
Compared with a year earlier, prices rose 0.3%, down on the 1.6% annual increase recorded in February.
Kim Kinnaird, director at Halifax Mortgages, said the decline was unsurprising given that the path for interest rate cuts remains uncertain.
“Financial markets have also become less optimistic about the degree and timing of Base Rate cuts, as core inflation proves stickier than generally expected. This has stalled the decline in mortgage rates that had helped to drive market activity around the turn of the year,” she said.
— Karen Gilchrist
8 Hours Ago
CNBC Pro: Loads of analysts just hiked price targets for these 6 stocks — giving one 82% upside
Analysts have become more bullish on six stocks from around the world this week, raising their price targets.
The price target changes come ahead of the next earnings season covering the first quarter of this year.
CNBC Pro screened for global stocks that have received price target upgrades from five or more analysts in the past seven days and have a potential upside of over 25%.
CNBC Pro subscribers can read more about the six stocks here.
— Ganesh Rao
8 Hours Ago
CNBC Pro: From Nvidia to Boeing: Portfolio manager reveals the stocks she’s loving on right now
Portfolio manager Barbara Doran has revealed a number of her favorite stocks, reiterating a bullish outlook on the stock market more broadly.
“People are reluctant to embrace this bull market after a couple of years of deep skepticism. But this is what bull markets do. They make new highs,” she told CNBC.
Her top picks include top-performer Nvidia, embattled aerospace giant Boeing and more.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
2 Hours Ago
European markets: Here are the opening calls
European markets are set for a mixed open on Friday.
The U.K.’s FTSE 100 index is expected to open 38 points higher at 7,975, Germany’s DAX up 35 points at 18,403, France’s CAC 2 points lower at 8,151 and Italy’s FTSE MIB down 26 points at 34,454, according to data from IG.
Investors will be keeping an eye out for fresh data on euro zone retail sales and construction, as well as U.K. home sales.
— Karen Gilchrist
