3 hours ago
CNBC Pro: Morgan Stanley says rising oil prices could boost 2 global commercial real estate stocks
The recent rise in oil prices could boost London’s prime office property market, according to Morgan Stanley.
The Wall Street bank explained the newly discovered correlation between the sectors and named the two stocks expected to benefit from the trend.
CNBC Pro subscribers can learn more here.
-Ganesh Rao
3 hours ago
Oil prices continue to reach 10-month high
Oil futures rose to their highest levels in a year as expectations of a supply shortfall continued to push prices near $95 a barrel on Tuesday.
U.S. West Texas Intermediate crude gained more than 1% to hit $92.43, its highest level since Nov. 4, while Brent crude futures hit $94.77, its highest level since November 16 when it traded as high as $94.79.
Prices have risen for three straight weeks, and Reuters reports that prices are on track for their largest quarterly increase since Russia’s invasion of Ukraine in the first quarter of 2022.
Earlier this month, Saudi Arabia and Russia extended a combined supply cut of 1.3 million barrels per day until the end of the year.
3 hours ago
CNBC Pro: Rates are rising in Europe. HSBC names the “most and least vulnerable stocks” in the region
The European market was weighed down by a rise in interest rates on business loans.
“Our economists expect the bulk of interest rate challenges to manifest themselves over the next 18 months or so,” HSBC analysts said in a September 15 note.
CNBC Pro examines the bank’s two screens of “most and least vulnerable” stocks: one for “cash-rich” companies and the other for “highly leveraged” names.
CNBC Pro subscribers can learn more here.
-Amala Balakrishner
12 hours ago
Goldman Sachs Says Fed Is Done Raising Rates, Although Dot Chart Shows Differently
The Federal Reserve is finished raising rates this year, although the dot chart expected to be released this week shows an additional increase, according to Goldman Sachs.
“In November, we believe that additional labor market rebalancing, better inflation news, and the likely gulf in growth in the fourth quarter will convince more participants that the FOMC can forgo a final hike this year, as we believe it will ultimately do so,” the FOMC managing director said. »wrote economist Jan Hatzius on Saturday.
“But we expect the dot plot to show that a narrow 10-9 majority still considers an additional hike, if only to preserve flexibility for now,” he added.
The dot plot shows where individual members expect to see a trend in rates over the next few years. The Fed concludes its two-day policy meeting on Wednesday.
-Sarah Min
3 hours ago
CNBC Pro: Analysts Name 2 Stocks to Play in the $104 Billion Electric Vehicle Charging Sector, Up 95%
Public electric vehicle charging infrastructure remains “critical” to driving electric vehicle adoption, analysts at investment bank TD Cowen said.
The bank concluded that the world will need “massive and rapid” construction of infrastructure and charging facilities, which it said would require a total U.S. investment of $104 billion through 2030.
Here are some areas that will take up the bulk of this opportunity, as well as stocks that could benefit, according to TD Cowen.
CNBC Pro subscribers can learn more here.
— Weizhen Tan
An hour ago
European markets: here are the opening calls
European markets are expected to open in mixed territory on Tuesday.
Britain’s FTSE 100 index is expected to open 14 points higher at 7,662, Germany’s DAX up 7 points at 15,274, France’s CAC down 4 points at 7,266 and Italy’s FTSE MIB down 10 points to 28,598, according to IG data.
Profits are expected to come from Kingfisher and Ocado Retail. The data released includes final eurozone inflation figures for August.
—Houx Ellyatt
