Stocks close out tough quarter on economic fears

LONDON — European markets rose on Friday, gaining some breathing room after a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead the gains as all sectors and major exchanges moved into positive territory. Global equities … Read more

Is the UK now a buy? Analysts weigh in after market meltdown

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images UK bond markets and the pound plummeted this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are emerging. The Bank of England was forced to intervene … Read more

Jim Cramer says this ‘trifecta’ needs to see dampening inflation for the Fed to stop raising rates

CNBC’s Jim Cramer said on Thursday that there are three crucial areas where inflation must come down for the Federal Reserve to stop inflicting pain on the stock market. “They’re fighting inflation in so many places. Unfortunately, they’re not winning on food, they’re not winning on housing, and they’re not winning on wages and they … Read more

Citi says Amazon and Alphabet are ‘top picks’ following fall events — and we do, too

Two of our top technology holdings hosted annual launches this week, revealing ample room for growth. Amazon (AMZN) has unveiled a series of new and updated smart home devices. In a separate event, Alphabet’s Google (GOOGL) announced new features to improve its search engine and improve user experience. Following these events, in separate research notes, … Read more

5 things to know before the stock market opens Thursday, September 29

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. So much for that Shares rose on Wednesday after the market digested the Bank of England’s announcement that it … Read more

Pension fund panic led to Bank of England’s emergency intervention

The Bank of England on Wednesday launched a historic intervention in the UK bond market to shore up financial stability as markets were in disarray following fiscal policy announcements from the new government. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England has launched a historic intervention to stabilize Britain’s economy, announcing … Read more

Porsche shares rise in Frankfurt market debut

Porsche’s IPO is expected to be one of the largest in European history. Thomas Kienzlé | AFP | Getty Images Shares of Porsche edged higher on their stock market debut on Thursday, in what is being billed as one of the biggest public offerings ever in Europe. Shares of the iconic sports car brand initially … Read more

Jim Cramer says Wednesday’s market rally was ‘based on a dream’

CNBC’s Jim Cramer said Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation. “By the time a Fed official explains the obvious, today’s gains will indeed vanish because they are inconsistent with the Fed’s attempts to control inflation. This rally was based … Read more

In this turbulent market, there are opportunities everywhere

In this turbulent market, opportunities abound, according to JPMorgan’s Mary Callahan Erdoes. Stocks have traded in a bear market this year as investors grapple with inflation, Federal Reserve interest rate hikes and talk of a potential recession. On Wednesday, the S&P 500 rebounded after hitting a new low for the year in the previous session. … Read more