Finance

European stocks traded higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. The pan-European Stoxx 600 was up by 0.4% after the opening bell, auto stocks leading the charge with a 1% climb as all sectors except media traded in positive territory. European Markets: FTSE,
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European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists. In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which
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European stocks were muted early in Wednesday’s session as comments from U.S. President Donald Trump reignited fears over trade. The pan-European Stoxx 600 traded just below the flatline after the opening bell, oil and gas stocks tumbling 1.2% while household goods were the strongest early performers with a 0.5% rise. European Markets: FTSE, GDAXI, FCHI,
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European stocks were muted on Tuesday morning as traders monitor a slew of earnings reports. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 hovered just below the flatline in early trade, with construction and material stocks getting off to the strongest start with a 0.4% rise, while oil and gas shares slipped 0.6%.
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The depressed valuations for banks and other financial firms mean “this is the time” for acquisitions and mergers in the industry, a former CEO of Wells Fargo said Monday. “Anytime you have high regulations in any industry, you get concentration, and banks are cheap,” Richard Kovacevich said on CNBC’s “Closing Bell. ” “So if you’re
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European stocks traded higher Monday morning, despite worries that China’s economy is slowing amid a trade war with the U.S. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 edged 0.5% higher in early deals. Basic resources leading led the gains with a 1.3% rise while food and beverage stocks slipped 0.2% and were
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Even if the Federal Reserve cuts rates later this month, Wilmington Trust’s Meghan Shue warns the market is vulnerable to a correction. The firm’s senior investment strategist believes Wall Street is overestimating the Federal Reserve’s influence to support the record highs. “The market is putting a lot of stake in the ability of the Fed
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An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. “Earnings
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Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell more than 5% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its
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The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Air Lines. Tim Seymour was a buyer of Alphabet. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a buyer of UnitedHealth. Guy Adami was a buyer of Square.  Disclosure Trader disclosure: Pete is long
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Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. According to
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Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
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Federal Reserve officials last month saw the case for easier monetary policy gain momentum, minutes from the central bank’s June meeting showed. “Several participants noted that a near-term cut in the target range for the federal funds rate could help cushion the effects of possible future adverse shocks to the economy,” the minutes said, which
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