6 hours ago
CNBC Pro: Alibaba & More: Morgan Stanley Names 5 Global Stocks With At Least 50% Upside
Morgan Stanley expects five of its top Asia stock picks to rise more than 50% in the next 12 months.
The Wall Street bank is bullish on a set of Asian stocks as the broad MSCI Asia Pacific stock index has entered a new bull market, rising 25% from last October’s low.
Alibaba is the first choice investment bank in China’s Internet sector.
CNBC Pro subscribers can read more about the remaining 4 stocks here.
—Ganesh Rao
Friday, June 16, 2023 10:11 a.m. EDT
Inflation outlook falls sharply in key consumer survey
Consumer inflation expectations plummeted in June, supporting the Federal Reserve in its battle against rising prices.
The closely watched University of Michigan Consumer Survey showed that one-year expectations fell to 3.3%, down from 4.2% the previous month. That is the lowest level since March 2021.
The survey’s headline reading posted a reading of 63.9, better than the Dow Jones estimate of 60.2 and higher than May’s 59.2.
—Jeff Cox
6 hours ago
CNBC Pro: Global stocks are skyrocketing. Analysts love these names as they give you an advantage of over 80%.
US stocks aren’t the only ones that have soared this year.
Some global indices have followed those gains and rallied.
Analysts remain bullish on parts of the US market, but some expect international markets to improve this year.
CNBC Pro evaluated stocks in the MSCI World, S&P 500 and Vanguard FTSE All-World ex-US Index Fund for global names with a big lead.
The resulting stocks have Buy ratings from more than 65% of the analysts who cover them, and an upside average price target of at least 30%.
CNBC Pro subscribers can read more here.
—Weizhen Tan
3 hours ago
European markets: here are the opening calls
European markets are heading for a negative open on Monday.
the United Kingdom FTSE 100 Index expected to open 31 points lower at 7,910, Germany’s index DAX 88 points below 16,288, France ACC 37 points below 7,360 and that of Italy FTSE MIB 110 points below 27,818, according to IG data.
No major earnings or data releases.
—Holly Ellyatt
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