6 Hours Ago
CNBC Pro: Goldman strategist says one country offers the ‘most fertile ground for picking stocks’ and shares his favorites
It’s time for investors to consider getting back into one key international market, Koul, who is vice president of Asia Pacific portfolio strategy at the investment bank, told CNBC’s “Street Signs Asia” on Friday.
“The amount of interest we are seeing, especially from global investors, is off the charts,” he said.
Koul explains why it’s time, and shares the stocks to consider.
CNBC Pro subscribers can read more here.
— Weizhen Tan
5 Hours Ago
China’s factory activity grows at slower rate in June: Caixin survey
China’s factory activity grew at a slower rate in June, according a private survey by Caixin/S&P Global.
The country’s manufacturing purchasing managers’ index fell to 50.5 in June, down from 50.9 in May, but slightly higher than the 50.2 expected by economists polled by Reuters.
China’s National Bureau of Statistics reported last week that the country’s official manufacturing PMI was at 49.0 in June — compared with 48.8 in May.
— Lim Hui Jie, Clement Tan
8 Hours Ago
Tesla tops delivery, production expectations
Tesla over the weekend reported second-quarter vehicle production and delivery numbers that surpassed analyst expectations.
The company on Sunday said it posted 466,140 deliveries and produced a total of 479,700 vehicles.
The figures mean deliveries rose 83% year-over-year for the electric vehicle maker as it increased manufacturing capacity and production at its assembly plant in Austin, Texas.
It marks the fifth consecutive quarter that Tesla reported more vehicles produced versus deliveries.
— Samantha Subin
8 Hours Ago
A.I. boosted the market this year. How investors can find opportunities in the second half
Enthusiasm around artificial intelligence and the potential of generative AI contributed to the market’s gain so far in 2023.
As the second half begins, and technology stocks sit well above where they started the year, some investors have begun to question where to find the next opportunities to play the booming trend.
CNBC Pro subscribers can read more on how investors who missed the boat can bet on AI in the second half here.
— Samantha Subin
39 Mins Ago
European markets: Here are the opening calls
European equity markets are set to open higher at the start of the new trading week, according to data by IG. Britain’s FTSE 100 is expected to rise 24.2 points higher to 7.555.4, while Germany’s DAX is seen gaining 37 points to 16,184.9. France’s CAC is forecast to uptick by 16.3 points to 7,422.9 points, and Italy’s MIB is estimated to rise 67.5 points to 28,415.0.
— Hannah Ward-Glenton
Read More: European markets open muted after strong first-half gains