30 minutes ago
Dollar hits highest level since November
The dollar index rose to its highest level since November on Monday as the yen weakened and tensions intensified in the Middle East.
The dollar index hit a high of 106.013, its best level since November 3, 2023, when the index reached 106.224. The dollar hit a high of 154.4 against the yen, its highest level since June 29, 1990, when the dollar traded as high as 154.58 against the yen.
The dollar also hit a high of 0.9151 against the Swiss franc, its highest level since October 6, 2023, when the dollar reached 0.9175 against the franc.
—Sarah Min, Gina Francolla
2 hours ago
Stocks open higher
Stocks started Monday’s session in the green as Wall Street looked to rebound from last week’s selloff.
The Dow Jones was trading up more than 350 points, which equates to about 1%, shortly after 9:30 a.m. ET. The S&P 500 and Nasdaq Composite rose 0.8% and 0.5%, respectively.
-Alex Harring
2 hours ago
Oil prices fall as investors assess Middle East tensions
Oil prices fell on Monday as investors discounted the risk of a broader regional conflict following Iran’s attack on Israel over the weekend.
Brent crude futures for June delivery fell 0.7% to $89.83 a barrel by 2 p.m. London time, while West Texas Intermediate (WTI) futures for May fell. fell about 0.6%, to $85.14.
-Karen Gilchrist
6 hours ago
Temenos shares jump 18% after investigation rejects Hindenburg claims
Shares of banking software company Temenos jumped 18% in early trading after it said an independent investigation into allegations from short seller Hindenburg Research had been found to be “inaccurate and misleading.”
Hindenburg reported “major accounting irregularities” at the Swiss company in February, causing shares to plummet. But the review found that claims about the company were made “distorted or taken out of context,” Temenos said in a statement.
-Karen Gilchrist
7 hours ago
CVC confirms its listing plan in Amsterdam
A woman walks past the Euronext Amsterdam stock exchange in Amsterdam on April 7, 2021.
John Thys | Afp | Getty Images
Private equity group CVC announced plans to list on Euronext Amsterdam on Monday, confirming earlier reports.
The buyout company said it plans to raise 250 million euros ($266 million) in the IPO, while also selling the shares of some existing shareholders.
“We believe a CVC IPO provides a long-term sustainable institutional structure to support future growth, we remain fully focused,” CVC CEO Rob Lucas said in a statement.
-Karen Gilchrist
8 hours ago
European stocks generally open higher
European markets were mostly slightly higher in early trading Monday, with France’s CAC 40 and Germany’s DAX both up around 0.5%. Britain’s FTSE 100 index, meanwhile, fell around 0.3%.
The Stoxx 600 index is up 0.2%.
See the table…
Stoxx 600 index.
10 hours ago
CNBC Pro: Wall Street is bullish on copper, thanks to AI. Analysts love these stocks, giving them 234% upside potential
Wall Street is becoming very bullish on copper, despite the metal’s recent rebounds.
The rebounds have been fueled by supply risks and growing demand amid the energy transition and the artificial intelligence boom.
Copper is used in data centers for power cables, electrical connectors, power strips and more, Jefferies noted in an April 10 note.
For those looking to invest in the sector, CNBC Pro has selected stocks from the Global X Copper Miners ETF.
CNBC Pro subscribers can learn more here.
— Weizhen Tan
15 hours ago
CNBC Pro: Top Nvidia Shareholder Reveals His Trigger for Selling Growth Stocks
Nvidia shares are up sharply this year, up more than 80% in 2024, but one of its largest shareholders has revealed why he sold his shares.
Raj Shant, managing director at investment firm Jennison Associates, told CNBC Pro that the company sold its position in the AI chipmaker to manage risks, although it remained optimistic about its long-term prospects.
CNBC Pro subscribers can learn more about Jennison’s reasons.
-Ganesh Rao
16 hours ago
Oil prices fall slightly after Israel repels a large-scale air attack from Iran
Pipelines and oil storage tanks in Cushing, Okla.
Justin Solomon | CNBC
U.S. crude oil futures were slightly lower on Sunday as traders breathed a sigh of relief after Israel repelled a large-scale air attack from Iran and the United States stressed that it wanted to avoid a wider war in the Middle East.
The West Texas Intermediate contract for May lost 34 cents to $85.32 a barrel in early trading Sunday evening. June Brent futures eased slightly to $90.18 a barrel. U.S. crude closed at $85.66 a barrel on Friday, while the global benchmark settled at $90.45. WTI futures started the year around $71 per barrel.
Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden called “unprecedented.” Although considerable in scale, the Iranian attack caused little real damage in Israel.
-Spencer Kimball
11 hours ago
European markets: here are the opening calls
European markets are expected to open mixed on Monday.
Britain’s FTSE 100 index is expected to open 41 points lower at 7,952, Germany’s DAX up 23 points at 17,921, France’s CAC up 4 points at 8,004 and Italy’s FTSE MIB down 8 points to 33,112, according to IG data.
The data released includes Israeli inflation figures for March. There are no major results published.
—Houx Ellyatt