Stocks on the move: Informa up 6%, Roche down 4%
Shares of Informa rose more than 6% in early trade, topping the Stoxx 600 after the British publisher raised its forecast for 2022.
At the bottom of the Stoxx 600, Roche fell 4.7% after the Swiss drugmaker’s Alzheimer’s drug candidate failed two long-awaited trials.
-Elliot Smith
Bitcoin falls below $16,000 to lowest since November 2020 as FTX saga continues
CNBC Pro: A retail stock just hit an all-time high — and Bank of America thinks it has more to go
This year’s bear market has wiped trillions of dollars in market cap from the stock market, but some stocks have significantly outperformed over the period.
Bank of America identified three retail stocks that bucked the trend and says one remains a buy.
Pro subscribers can read more here.
– Zavier Ong
CNBC Pro: UBS says disinflation is on the way – and shares 8 global stocks to play it
The Swiss bank UBS has forecast “sharp” disinflation for 2023.
It said weak growth alongside “mechanical” indicators such as easing supply chain bottlenecks and rising inventories would see prices fall next year.
The investment bank looked for stocks that would benefit from such an environment.
CNBC Pro subscribers can read more about their predictions and eight stocks we’ve highlighted from their list.
— Ganesh Rao
European Markets: Here are the opening calls
European markets are expected to open in positive territory on Monday, with global markets still seeing a boost from last week’s US inflation figure, which showed prices rose less-than-expected in October.
According to data from IG, the UK FTSE index is expected to open 13 points higher at 7,338, Germany’s DAX up 45 points to 14,283, France’s CAC up 30 points to 6,627 and Italy’s FTSE MIB up 136 points to 24,459.
Data releases include euro-zone industrial production figures for September. There is no major revenue.
— Holly Ellyatt