Stocks, News, Data & Earnings | Real Time Headlines

Danish shipping group shares Moller-Maersk It was up 3% in early trading on Monday.

Soon after the company was established explain It has stopped accepting bookings for all round trips Haiti in crisis “Effective immediately” given the current political situation.

— Sam Meredith

Dutch coffee and tea group Go to Pete’s The European benchmark index rose to a top on Monday morning.

JDE Peet’s shares rose 14% after the company announced the appointment of Rafael Oliveira as chief executive and investment holding company JAB explain It will acquire Mondelēz International’s 86 million shares in the company.

Meanwhile, Swiss Inspection Services CSGS Reuters reported that the stock fell 2.6% after Royal Bank of Canada lowered its target price on the stock.

— Sam Meredith

European markets opened slightly lower on Monday.

Shortly after the opening, the pan-European Stoxx 600 index fell 0.1%, with most sectors in negative territory.

— Sam Meredith

One analyst says the fundamentals for gold prices are “pretty good” right now and gold is poised to rise $3,000 per ounce over the next few months.

spot gold price Gold was up 0.3% at $2,727.26 an ounce around 7:50 a.m. London time, giving up gains after hitting a record high of $2,732.73 earlier in the session.

“There’s a lot going on right now,” Michael Widmer, head of metals research at Bank of America Global Research, told CNBC. “I think the geopolitical uncertainty will certainly help. But I think interest rates are what’s going to be really interesting.” place.european scream box” on Monday.

“In the past, we always said that 10-year yields were most important for gold prices, but what we actually saw was complete decorrelation. So today, lower 10-year yields are bullish for gold, but the 10-year Rising Treasury yields are not necessarily negative for gold.

“Part of that is because I think there’s growing concern about government debt levels, particularly with regard to the U.S. election,” he continued.

“I think that’s what makes gold really attractive as a safe-haven asset — if there are a lot of concerns about the Treasury market, it’s pretty much the ultimate safe-haven asset.”

— Sam Meredith

UK house price inquiry Only a small increase in October As more properties come onto the market, a survey on Monday also suggested some buyers are awaiting clarity on tax changes in the new government’s upcoming budget.

Real estate website Rightmove said asking prices rose just 0.3% in October, well below the 1.3% average increase for the month.

The number of homes available for sale is up 12% from this time last year, the highest level per real estate agent since 2014.

Overall property market activity remains strong, with buyer demand rising.

Prices increased by 1.0% compared with the same period last year.

— Reuters

China’s economic stimulus measures need to address structural issues Real estate sector hit by crisis to restore confidence in the world’s second-largest economy, one strategist said.

Meanwhile, optimism over a series of economic measures Beijing has implemented since late September appears to have faded in recent days.

“I think the bottom line is that of all the measures that have been taken, I think the ones that have disappointed at least observers are the ones targeting the housing market,” Daniel Morris, chief market strategist at BNP Paribas Asset Management, told CNBC. 「european scream box” on Monday.

“The fundamental question, or one of many fundamental questions, is that you can lower interest ratesbut if there’s no confidence, people won’t necessarily react (and) there’s no confidence because of the soft housing market,” Morris said.

“So you need to start with this fundamental question before you can get the ripple effect you want,” he added.

— Sam Meredith

European markets are expected to open mixed on Monday.

British FTSE 100 The German stock index is expected to open 17 points higher at 8,373 German DAX Index France fell 12 points to 19,644 CAC Up 1 point to 7,611 points, Italy FTSE MIB It rose 55 points to 35,087, according to IG data.

Revenue will come from Forvia and SAP. German producer price index data will be released soon.

— Holly Elliot

Bitcoin That surged to its highest level in three months after election polls showed Republican presidential candidate Donald Trump had a better chance of winning.

The cryptocurrency surged to a high of $69,487 on Monday, its highest level since July.

Many believe Trump’s campaign is more favorable to cryptocurrencies.former president proposal Establishing a “National Cryptocurrency Reserve” in July and promising that “the United States will become the cryptocurrency capital of the planet and the world’s Bitcoin superpower.”

Over the past week, Wall Street analysts have raised their bets on three stocks ahead of quarterly earnings reports.

Shares of one of the big tech artificial intelligence companies have risen 64% this year, and analysts predict more momentum ahead.

CNBC Pro screened the MSCI World Index stocks for which Wall Street analysts have raised their price targets in the past seven days. The stocks will also report quarterly financial results in the coming weeks.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Morgan Stanley reiterated its recommendation to buy dividend stocks as investors try to navigate volatile global markets.

“Given the high degree of uncertainty surrounding the November 5 U.S. election and the potential for a global monetary easing cycle to focus more on dividend yields, we recommend a balanced and Investors with flexible strategies supplement their portfolios with dividend income.

“Asian/emerging market investor interest in corporate reform and shareholder returns also remains high, which could benefit dividend-oriented stocks.”

— Amala Balakrishna