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1 hour ago
European stocks start higher
European markets opened higher on Friday.
The pan-European Stoxx 600 index rose 0.9% in morning trading, with all sectors and major exchanges in positive territory.
Mining stocks led the rise, rising 1.7%.
— Sam Meredith
2 hours ago
UK economy grows 0.1% in February as expected
Britain’s economic output in February was in line with expectations, rising 0.1% month on month, figures released by the Office for National Statistics on Friday showed.
Economists polled by Reuters had expected gross domestic product (GDP) to expand by 0.1% from the previous month.
The data follows economic growth of 0.3% in January, which the ONS said was revised upwards from 0.2%.
— Sam Meredith
2 hours ago
CNBC Pro: Goldman Sachs updates its ‘Conviction List’ of top Asian stocks for April, giving one stock more than 40% upside potential
Goldman Sachs has updated its “Conviction List” of top stocks in Asia-Pacific for April by adding some stocks and deleting others.
The bank said it remained optimistic about the region and said the outlook for the second quarter was “solid.”
“Five factors are likely to influence Asian market performance in the second quarter: the onset of the Fed-led rate cutting cycle, elections and geopolitics, first quarter earnings results, market-specific policies, and (fundamental) “seasonality, but not seasonal,” analysts at the investment bank said as they announced the latest additions to the list.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
2 hours ago
4 cheap stocks to buy and hold for the next 10 years, according to professionals
While many stocks look expensive in today’s market, there are still some that are cheap, and experts say some of them can be held for the next 10 years.
They shared with CNBC Pro their top picks and tips for picking undervalued stocks with long-term promise.
CNBC Pro subscribers can read more here.
— Tan Weizhen
2 hours ago
European Market: Click here for opening call
European markets are poised to open in favorable regions on Friday.
According to IG data, the UK’s FTSE 100 index is expected to open 31 points higher at 7,949, Germany’s DAX rises more than 100 points to 18,051, France’s CAC rises 47 points to 8,064 and Italy’s FTSE MIB is expected to rise 150 points to 33,212.
Investors are keeping an eye on February’s UK gross domestic product (GDP) statistics and the International Energy Agency’s monthly oil market report.
— Sam Meredith
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