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4 Hours Ago
CNBC Pro: This tech company is the ‘best possible beneficiary’ of A.I., says fund manager
Microsoft, Alphabet and chipmaker Nvidia are usually regarded as the biggest beneficiaries of artificial intelligence’s growing popularity.
But there’s another tech giant that looks likely to be the “best possible beneficiary,” according to Ben Rogoff, a portfolio manager at Polar Capital with 25 years of investing experience.
CNBC Pro subscribers can read more here.
— Weizhen Tan
5 Hours Ago
CNBC Pro: Morgan Stanley says HSBC is a ‘top pick’ despite the bank’s shareholder troubles
Trouble is brewing at HSBC — the largest bank in Europe is facing renewed pressure from its biggest shareholder, Chinese insurer Ping An, to restructure its business.
But Morgan Stanley is sticking to its bullish stance on the U.K.-based bank, calling HSBC its “top pick” in the sector.
Pro subscribers can read more here.
— Zavier Ong
Wed, Apr 19 2023 11:45 PM EDT
European markets: Here are the opening calls
European markets are heading for a flat to lower open Thursday.
The U.K.’s FTSE 100 index is expected to open 1 point lower at 7,893, Germany’s DAX 9 points lower at 15,885, France’s CAC up 2 points at 7,553 and Italy’s FTSE MIB 14 points higher at 27,406, according to data from IG.
Earnings are set to come from WHSmith, Rio Tinto, Dunelm, Renault, Publicis and Ferragamo. Data releases include preliminary consumer confidence figures for the euro zone in April.
— Holly Ellyatt
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