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Europe stocks open higher
European stocks opened higher Monday, with the benchmark Stoxx 600 index up 0.5% by 8:05 a.m. London time.
The U.K.’s FTSE 100 climbed 1.1%, while France’s CAC 40 was 0.5% higher and Germany’s DAX was up 0.7%.
Stoxx 600.
CNBC Pro: A top fund manager is using these 7 global stocks to beat the market
Global stock markets may be coming under pressure from geopolitical tensions and sticky inflation — but one portfolio manager sees potential in several stocks.
“There are always investment opportunities to be found in all market conditions. We’re looking out for stocks that we think are better than the market currently believes,” Rob Hinchliffe, managing director and equity analyst at PineBridge Investments, told CNBC Pro last month.
Hinchliffe oversees more than $1 billion of PineBridge’s assets via its Global Focus Equity Fund. The fund — launched in 1999 — has holdings in around 40 stocks.
He named a number of his top stocks right now.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
CNBC Pro: Analysts love this gold explorer’s stock — and even the most cautious expect it to soar 114%
Shares of a Canadian gold explorer could double, according to analysts at Scotiabank.
The investment bank reiterated its bullish stance after the mining company released new drilling results from its mine in the United States.
And Scotiabank’s aren’t the only anaysts who like the stock. BMO Capital Markets gives it an upside of 209%, while Beacon Securities suggests the stock could rise by 400% over the next 12 months.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European markets: Here are the opening calls
European markets are set to open in positive territory Monday.
The U.K.’s FTSE 100 index is expected to open 78 points higher at 7,974, Germany’s DAX up 58 points at 17,797, France’s CAC 43 points higher at 8,050 and Italy’s FTSE MIB up 136 points at 33,373, according to data from IG.
There are no major earnings or data releases Monday.
— Holly Ellyatt
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