14 minutes ago
European stocks open higher
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Stoxx 600 index.
European stock markets opened cautiously higher on Friday, with the Stoxx 600 index up 0.23% at 8:10 a.m. in London.
The German DAX and the British FTSE 100 both rose 0.3%, while the French CAC 40 edged up 0.2%.
-Jenni Reid
32 minutes ago
UK retail had a wet April
A soon-to-open Uniqlo clothing store on Princes Street in Edinburgh, UK, Wednesday April 3, 2024.
Bloomberg | Bloomberg | Getty Images
Footfall in stores in the UK fell in April, according to figures from the British Retail Consortium, which blames partly unseasonably wet weather.
The number of customers on shopping streets fell by 6.9% year-on-year and by 1.5% compared to the previous month. The BRC said this was also because the Easter bank holiday fell in April last year and March this year.
Attendance is down 6.2% in retail parks and 7.2% in shopping centers. All UK countries and most cities performed poorly.
“However, there has been good news in Edinburgh, where footfall has once again been positive thanks to investment in local shops in the Scottish capital over recent years,” said Helen Dickinson, chief executive of the British Retail Consortium.
Despite a sluggish start to spring, economists generally expect UK retail to recover this year as real incomes rise.
-Jenni Reid
An hour ago
European Stocks Head for Higher Open
European stock markets are expected to open higher on Friday, according to IG data.
Britain’s FTSE 100 index last rose 18 points to 8,194 points, Germany’s DAX rose 72 points to 17,980 and France’s CAC 40 rose 24 points to 7,940.
The Italian MIB increased by 153 points to 33,634.
-Jenni Reid
7 hours ago
CNBC Pro: Goldman Says These Global Stocks Will Soar on $857.5 Billion Electrification Boom – Giving 45% Upside Potential
Demand for energy and data centers has taken the world by storm, and it’s not just US tech giants that stand to benefit, according to Goldman Sachs.
Europe is expected to see a rise in electricity demand and consumption of up to 50% over the next ten years, reversing the crisis it has faced since 2008, analysts at the investment bank noted .
This massive growth translates into an investment of almost 800 euros ($857.5 billion) in Europe’s electricity transmission and distribution network, they added, citing stocks with upside potential on their radar by more than 30%.
CNBC Pro subscribers can learn more here.
-Amala Balakrishner
7 hours ago
CNBC Pro: Goldman Names Global Stocks With Highest Sustainable Dividends, Yielding 10%
European companies are more cash rich than they have been in recent history.
Companies in the Stoxx 600 index have nearly 1.5 trillion euros ($1.6 trillion) of cash on their balance sheets, 25% higher than pre-pandemic levels, according to Goldman Sachs .
And the dividend yield gap between Europe and the United States is the narrowest it has ever been, making Europe more attractive, according to Goldman Sachs. “In other words, Europe has rarely seemed cheaper on an absolute and relative basis,” he says.
CNBC Pro takes a look at some stocks that appeared on Goldman’s screen of high-dividend-yielding names. These are Stoxx Europe 600 companies with the highest 12-month forward dividend yields in each sector.
Subscribers can learn more here.
— Weizhen Tan
