Stocks, data, news and earnings

19 minutes ago

Commerzbank shares rose 4% as the bank re-entered Germany’s DAX

Commerzbank shares rose in early trade after Germany’s second-biggest lender rejoined the country’s DAX blue-chip stock index.

52 minutes ago

European markets open higher

Europe’s Stoxx 600 index rose 0.8% after opening Monday, with all sectors in positive territory,

This comes after European markets posted their sharpest decline of the year last week. This week, traders will watch inflation prints from France, Spain, Germany, Italy and the Eurozone.

Energy stocks rose 1.43% on Monday, while the insurance sector rose 1.4%.

Germany’s DAX index ended last week’s pessimistic gain of 1.15%, while France’s CAC 40 was about 1% higher and the UK’s FTSE 100 was 0.75% higher.

Check out the chart…

Stoxx 600 Index.

6 hours ago

CNBC Pro: ‘The market has gone too far:’ Chief global strategist predicts when Fed will cut rates

Despite efforts by the US Federal Reserve to tighten monetary conditions, “the market has gone too far,” says Seema Shah, chief global strategist at Principal Global Investors.

The strategist told CNBC how the Federal Reserve might act and when it might cut interest rates, which could lift stock markets.

CNBC Pro subscribers can read more here.

Fri, Feb 24 2023 3:16 PM EST

Baird says investors should ‘control what they can control’

According to Baird analyst Ross Mayfield, the market is currently experiencing the effects of “too much good news at once.” As inflation heats up and the Federal Reserve is expected to continue raising rates, Mayfield advises investors to “control what” [they] can be controlled.”

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“First, automate things: dollar cost averaging (investing at regularly scheduled intervals) is a great way to find outperformance in volatile/sideways markets,” Mayfield wrote in a Friday note.

“Second, review your allocation and make sure you’re well-diversified and well-planned.”

– Hakyung Kim

Fri, Feb 24 2023 8:36 AM EST

Fed master says rates need to go above 5% to control inflation

Cleveland Federal Reserve President Loretta Mester said on Friday that interest rates will need to stay higher as inflation eases.

“I see that we need to bring interest rates above 5%,” he told CNBC’s Steve Leisman during a “Squawk Box” interview. “We’ll find out how much higher. It depends on how the economy develops over time. But I think we need to be above 5% to get inflation on a sustainable downward path. Up to 2%.”

Jan. Mester recently reported that he was among a small group of central bank officials on Feb. 31. 1 The Federal Open Market Committee approved a half-percentage-point rate hike rather than a quarter-point move.

– Jeff Cox

6 hours ago

CNBC Pro: Investor Says Tech Isn’t Bottoming Out Yet – And Reveals FAANG Stocks To Avoid

A bear market rally or the new bull market? Market pros are undecided about this year’s tech bounce, but investor Mark Howdin thinks the worst is yet to come.

While FAANG stocks are popular with many investors, Haddin believes some are riskier bets than others.

Pro subscribers can read more here.

– Javier Ong

4 hours ago

European markets: Here are the opening calls

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