stocks, news, U.S. debt ceiling talks

45 Mins Ago

Oil could ‘crawl higher’ to $95 a barrel in 2023, UBS says

Dominic Schnider, head of commodities and Asia-Pacific foreign exchange CIO at UBS, discusses the outlook for the oil market.

An Hour Ago

Ryanair shares larger after bumper income

Ryanair’s Dublin-listed shares had been 2.24% larger after the low-cost airline reported full-year web revenue of 1.43 billion euros ($1.55 billion), up from a lack of 355 million euros the prior 12 months.

The firm stated it had benefited from a 74% rise in passenger numbers and “favorable” hedges offsetting spikes in gasoline prices.

— Jenni Reid

3 Hours Ago

Europe shares open combined

European shares lacked route Monday morning as traders waited for the newest information on U.S. debt ceiling talks, with the Stoxx 600 index up 0.07% at 8:12 a.m. London time.

Mining, oil and fuel and banking shares suffered the worst losses, all down round 0.5%.

Household items and well being care had been extra upbeat, gaining 0.5%.

Germany’s DAX slipped 0.12% from Friday’s document shut, whereas France’s CAC dipped 0.08%. The U.Okay.’s FTSE 100 added 0.25%.

See Chart…

Stoxx 600 index.

6 Hours Ago

Southeast Asia’s worst-performing inventory market is UBS’ ‘top pick’

Thai shares are the worst performers in Southeast Asia this 12 months, however UBS says Thailand is its “top pick” within the area. Thailand’s SET index fell 0.5% on Monday’s afternoon and is down by greater than 9% this 12 months.

Thailand stands to be a “big beneficiary” of a tourism enhance from China as soon as the latter’s employment numbers improve, stated UBS Global Wealth Management’s Kelvin Tay advised CNBC’s “Squawk Box Asia.”

However, Thailand’s elections are a “potential game changer” and monarchy-linked corporations could possibly be set again by a change in authorities, he stated.

— Audrey Wan

11 Hours Ago

CNBC Pro: Tesla vs. BYD: Here’s why one fund supervisor prefers the Buffett-backed automaker

In an period outlined by the necessity to deal with local weather change, electrical autos (EVs) are seen as an more and more essential a part of the answer.

For Philip Ripman, portfolio supervisor at Storebrand Asset Management, one international EV automaker stands out: China’s BYD — not Elon Musk’s Tesla.

As an investor, Ripman stated that BYD’s enchantment goes past simply manufacturing electrical automobiles.

CNBC Pro subscribers can learn why the fund supervisor is bullish on BYD right here.

— Ganesh Rao

12 Hours Ago

Debt celing negotiations to renew on Monday

Federal leaders are anticipated to proceed with negotiations on the U.S. debt ceiling on Monday because the nation approaches a possible default.

President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are scheduled to fulfill in particular person on the White House.

Treasury Secretary Janet Yellen stated Sunday that “hard choices” will must be made about which payments will go unpaid if the debt ceiling shouldn’t be raised and reaffirmed her warning that the United States might default on its debt as early as June 1,

— Jesse Pound, Ashley Capoot

11 Hours Ago

CNBC Pro: These 4 shares are on Goldman’s ‘conviction purchase’ record — and it offers one 115% upside

7 Hours Ago

European markets: Here are the opening calls

European markets are anticipated to open in combined territory Monday.

The U.Okay.’s FTSE 100 index is predicted to open 5 factors larger at 7,773, Germany’s DAX 6 factors decrease at 16,284, France’s CAC 1 level decrease at 7,474 and Italy’s FTSE MIB 52 factors larger at 27,274, in response to information from IG.

Earnings are set to come back from Ryanair and information releases embrace shopper confidence figures for the euro zone in May.

— Holly Ellyatt

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