U.S. inflation data, China Covid measures

Stocks moving: Prudential up 9%, DKSH down 7%

Shares of the London-listed insurance company Prudential rose 9.4% by mid-afternoon to lead the Stoxx 600.

At the bottom of the index, the Swiss market expansion company DKSH fell more than 7% after Stifel cut its price for the stock.

UK Finance Minister Hunt faces tough call between economics and politics: JPMorgan’s Gimber

UK Finance Minister Hunt faces tough call between economics and politics: JPMorgan's Gimber

Hugh Gimber, global head of markets at JPMorgan Asset Management, reacts to the decline in UK third quarter GDP and discusses the outlook for the economy monetary and financial institutions in the country and around the world.

Stocks in progress: Richemont up 12%, Delivery Hero up 6%

Richemont shares jumped more than 12% to lead the Stoxx 600 in early trading after Swiss investors beat expectations for early earnings.

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Dutch Be a Hero it climbed 6.7% after Citigroup raised its price target for the stock.

– Elliot Smith

UK on brink of recession after economy contracts 0.2% in third quarter

The UK economy fell by 0.2% in the third quarter of 2022, indicating what could be the beginning of a long-term recession.

The first estimate shows that the economy is better than expected in the third quarter, despite the recession. Investors had predicted a decline of 0.5%, according to Refinitiv.

Read the full story here.

– Elliot Smith

CNBC Pro: Bitcoin will fall further, money manager says – until one stimulus comes

Bitcoin is down 75% from its all-time high, and the exchange is on the brink of bankruptcy. In such an environment, bond fund managers point out that the one thing that is needed is for prices to increase.

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Michael Howell from Cross Border Capital also said that due to the loss of leverage, there is an increased risk of investors getting caught “too quickly.”

CNBC Pro can read more here.

— Ganesh Rao

CNBC Pro: Goldman Sachs says to buy stocks ahead of $2.6 trillion China reopening boom

A 20% increase in Chinese goods is possible if the country fulfills its zero-Covid policy, according to Goldman Sachs.

The investment bank said many stocks are expected to benefit from the reopening.

Pro subscribers can read more here.

— Zavier Ong

CNBC Pro: Analysts like these EV-related stocks — and give one upside of more than 100%

While the automakers may be an obvious way to play the electric car, the wide range of suppliers can also offer opportunities to investors.

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The quarter of the 75 product group is the Global X Autonomous and Electric Vehicles ETF technology names, along with materials and manufacturing, as well as auto dealers, add more.

CNBC Pro analyzes the ETF for stocks that are buy-buy by many analysts, with high potential.

CNBC Pro can read more here.

— Zavier Ong

These are the opening calls

Britain FTSE 100 it is seen that it is about 48 points higher in 7,423, Germany DAX is set to climb 107 points to 14,253 and France CAC 40 is expected to gain about 67 points higher at 6,624.


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