European markets closed lower as sentiment was dominated by investor concerns about the global economy

European markets closed lower as sentiment was dominated by investor concerns about the global economy

Focus on bond yields in the Eurozone as investors look forward to the European Central Bank’s policy meeting

Eurozone government bond yields hovered above their lowest in months, as investors looked ahead to the European Central Bank’s policy meeting next week.

Reuters reports that inflation in the bloc is nearing its peak, citing comments made by European Central Bank officials this week that have heightened expectations of a slowdown in rate hikes. An interest rate hike of 50 basis points is likely, a slowdown from the unprecedented 75 basis point hike in October.

– Hannah Ward Glinton

Lombard-Odier: Rates high enough for the US to avoid a hard landing

Florian Elbeaux, Head of Macro at Lombard-Odier, discusses the company’s 2023 outlook for the Federal Reserve and the US economy.

Retailers think stocks will drop in 2023 — and plan to load up on Big Tech, survey says

Retail investors haven’t been afraid of the stock’s decline this year.

In 2023, most retail investors plan to invest the same amount or more despite the cost of living crisis, according to a new survey from London-based investment insights platform Finimize.

The majority of traders (72%) plan to support individual stocks next year, with 64% favoring big tech names like Apple, Microsoft, Google and Meta.

Read the full story here.

Stocks on the Go: Around Town Up 9%, Travis Perkins Down 4%

Shares of Luxembourg-based real estate company Aroundtown rose more than 9% in early trade to top the Stoxx 600, while at the bottom of the index, British builders traded. Travis Perkins decreased 4%.

– Elliott Smith

CNBC Pro: Bank of America Says These Two Global Chip Stocks Could Increase 75% in Electric Vehicle Sales

A shortage of semiconductors during the electric car sales boom could help boost profits for a handful of chipmakers, according to Bank of America.

A Wall Street bank predicted that two chip stocks could see their share prices rise by more than 75% on the back of the trend.

CNBC Pro subscribers can read more here.

– Ganesh Rao

CNBC Pro: Is Apple a stock to buy or avoid? Two investors face off

It’s been a tumultuous year for tech companies, as investors flee growth stocks in the face of rising interest rates and other headwinds.

apple It held up better amid the technological carnage, though there were some headwinds.

Two investors faced off on CNBC’s “Street Signs Asia” Wednesday to make an argument for and against buying the stock.

CNBC Pro subscribers can read more here.

– Wizen tan

European Markets: Here are the opening calls

European markets are heading for a mixed opening on Thursday as investors remain concerned about recession fears.

Britain’s FTSE is expected to open 4 points higher at 7493, Germany’s DAX index 12 points lower at 14249, France’s CAC index down 8 points at 6653, and Italy’s FTSE MIB down 37 points at 24204, according to data from IG.

There are no major earnings or data releases.

– Holly Ellytt

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