An hour ago
The mood of German companies is unexpectedly falling
The business climate in Germany fell unexpectedly in December, as the Ifo Institute's business climate index showed on Monday.
The index was at 86.4 for the month, below the consensus forecast of 87.8 among analysts polled by Reuters and below the revised reading of 87.2 in November.
-Elliot Smith
An hour ago
Biggest risers: Oci plus 11%, Vodafone plus 5%
Shares of Dutch chemical and fertilizer maker OCI rose more than 10% in early trading to top the Stoxx 600 after it agreed to sell its stake in Iowa Fertilizer Company to Koch AG for $3.6 billion & Energy Solutions for sale.
Vodafone shares rose more than 6% after Iliad Group proposed a 10.45 billion euro ($11.38 billion) merger of the two companies' Italian operations for Vodafone Italia.
At the bottom of the European blue-chip index, Nordnet shares fell 4.8%.
-Elliot Smith
2 hours ago
A negative opening in Europe
European markets opened in negative territory on Monday.
The pan-European Stoxx 600 fell 0.3% in early trading, with construction and materials stocks shedding 1.1%, leading losses, while the healthcare sector rose 0.3%.
3 hours ago
Here are the opening conversations
According to IG data, the UK's FTSE 100 is around 16 points lower at 7,560, the German DAX is expected to lose around 33 points to 16,718 and the French CAC 40 is expected to fall around 18 points to 7,579.
9 hours ago
CNBC Pro: 'Ready to Pounce': Jefferies names its top global stocks for 2024 – up over 60% for three
Jefferies is “ready to pounce on several global stocks heading into the new year,” giving three stocks more than 60% upside potential.
Stocks that are among the “top picks for 2024” include companies with strong cash flows and attractive risk-reward ratios, the investment bank's analysts wrote in a Dec. 7 stock analysis.
Jefferies is bullish on three stocks – three of which are up over 60%.
CNBC Pro subscribers can read more here.
—Amala Balakrishner
9 hours ago
CNBC Pro: As stocks rally, UBS calls December the “biggest short of any sector.”
As financial markets continue to recover, UBS has called the “most crowded short” across all sectors and global markets.
Crowded trades refer to a situation in which a large number of investors hold similar views and concentrated positions on specific stocks or markets.
Almost one in five shares of the European shares with the most short sales monitored by UBS were used to bet on a price decline.
CNBC Pro subscribers can read more here.
– Ganesh Rao
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