European markets set to open in mixed territory as Turkish election comes into focus
3 Hours Ago
CNBC Pro: UBS is betting on European banks over automakers right now. Here’s why
European banking stocks are poised to outperform automakers in the foreseeable future, according to UBS.
The investment bank highlighted three structural changes that could drive significant gains for banking stocks over their automotive counterparts, despite similarities in their economic cycles.
CNBC Pro subscribers can read more about those three reasons here.
— Ganesh Rao
3 Hours Ago
CNBC Pro: Bank of America loves these 10 unloved global stocks with major upside
Bank of America strategists have named the ten European stocks that they believe are currently undervalued and could provide significant investment returns.
These picks, which the investment bank refers to as the “Beat Factor Top 10,” are primarily made up of industrial and financial companies.
One of the stocks offers more than 60% upside over the next 12 months, according to the investment bank.
CNBC Pro subscribers can read more here.
— Ganesh Rao
An Hour Ago
European markets: Here are the opening calls
European markets are set to start the new trading week in mixed territory.
The U.K.’s FTSE 100 index is expected to open 1 point higher at 7,751, Germany’s DAX 10 points lower at 15,895, France’s CAC up 3 points at 7,401 and Italy’s FTSE MIB 7 points higher at 27,085, according to data from IG.
Earnings are set to come from Porsche.
— Holly Ellyatt
