An Hour Ago
French economic growth slows
Francesco Riccardo Iacomino | Moment | .
French gross domestic product grew 0.1% in the third quarter, down from 0.6% growth in the second quarter.
Domestic demand, household consumption and gross fixed capital formation were areas of strength, while foreign trade dropped sharply, dragging on growth, the national statistics agency said.
— Jenni Reid
3 Hours Ago
Yen weakens after Bank of Japan holds rates, increases flexibility on yield curve control
Japan’s yen weakened after the country’s central bank kept interest rates steady and said it will allow more flexibility in its yield curve control policy.
The Bank of Japan said the target level of the 10-year Japanese government bond yield will be held at 0%, but will take the upper bound of 1% “as a reference.”
The news sent the yen down nearly 0.6% against the dollar, briefly breaching the 150 per dollar threshold.
The benchmark Nikkei 225 reversed earlier falls to rise 0.7%, while the Topix added 1.14%.
The BOJ also raised its inflation forecast for the next fiscal year, it now sees the core consumer price index rising 2.8%, above the 1.9% it predicted three months ago.
— Shreyashi Sanyal
6 Hours Ago
CNBC Pro: Forget Big Tech. Bernstein likes these global stocks from an ‘unloved’ part of tech — and more
High interest rates are usually bad for tech stocks, and they’re now a key macroeconomic risk for “expensive” ones in particular — but two parts of the sector are in a good position, according to Bernstein.
One of them is “the cheapest sector in terms of [price-to-sales ratio],” it said.
It also named its top picks and refreshed its screens of global tech stocks.
CNBC Pro subscribers can read more here.
— Weizhen Tan
6 Hours Ago
CNBC Pro: Is Meta a buy after the brutal tech sell-off? Here’s what the pros are saying
Meta Platforms saw its shares caught up in a broad tech sell-off last week — but several analysts remain bullish.
Meta’s stock fell 3.86% last week, although was trading over 2% higher Monday.
“I believe this tech sell off here, [when] we look back three, six months, I view this as more of a golden opportunity, not the time [for it] to head into hibernation mode,” Dan Ives from Wedbush Securities told CNBC’s “” on Thursday, in the midst of the market downturn.
Other analysts also weighed in on the outlook for the stock.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
3 Hours Ago
European markets: Here are the opening calls
European markets are expected to open in mixed territory on Tuesday.
The U.K.’s FTSE 100 index is expected to open 3 points lower at 7,318, Germany’s DAX up 18 points at 14,719, France’s CAC up 2 points at 6,823 and Italy’s FTSE MIB down 32 points at 27,190, according to data from IG.
Key data releases in the region today include preliminary euro zone inflation data for October and gross domestic product for the third quarter.
