Europe stocks close higher; Sterling gains after UK wage growth falls to two-year low
European stocks closed higher on Tuesday, as market participants monitored a fresh batch of economic data following last week’s volatility.
CNBC Daily Open: Oil soars on Middle-East tensions
The S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
Japan carry trade unwind and strong yen to benefit the country, Monex Group’s Koll says
Corrections in the yen and the unwinding of the carry trade is a positive development for Japan argues an expert investor who remains bullish on the market.
Australia’s second-quarter wages rise at slowest pace in a year
Australia’s wage price index rose 0.8% in the three months ended June, versus 0.9% in the first quarter and the slowest since the June quarter 2023.
CNBC Daily Open: Oil soars on Middle-East tensions
The S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
Nikkei rises more than 2% as Japan stocks lead gains in mixed Asia-Pacific markets
Asia-Pacific markets were mixed, after a choppy session overnight in the U.S. as investors awaited key inflation data.
Tuesday’s big stock stories: What’s likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV heading into Tuesday’s session as traders try to build on last week’s big comeback.
Podcast: Japan’s quest for the most powerful microchip leads semiconductor revival
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge.
‘We haven’t seen the bottom in this correction’: Dan Niles names 2 tech stocks to ride out a potential recession
Dan Niles’ two Big Tech picks have beaten expectations, while the rest of the ‘Magnificent Seven’ appear to be falling behind.
‘AI shopping list’: Morgan Stanley names its top global picks to play the AI theme
“AI winners” are undergoing a tactical correction, says Morgan Stanley, and “should make new highs in the coming months.”
