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Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices stood mixed to trade at $2,327 per ounce at around 1:45 p.m. London time, after briefly hitting a fresh record of $2,372.5 earlier in the session. But not everyone is convinced gold prices will continue to rally. Investors are looking at the underperformance of gold and therefore increasing exposure to gold. Related to that is actually the gold-bitcoin correlation — and one can get into a debate about whether that's meaningful or not — but the reality is there is a correlation between bitcoin and gold," Parker said.
Persons: Bob Parker, CNBC's, Parker Organizations: Citi, Capital Markets Association Locations: London, Ukraine, Gaza
As tech giant Nvidia soars on hype around artificial intelligence, and global stock indexes notch record highs, debate has grown about whether the stock market has entered a "bubble." That's generally seen as a period in which asset prices inflate rapidly, potentially beyond their core value — and risk crashing just as fast. Bob Parker, senior advisor at trade body International Capital Markets Association, told CNBC's "Squawk Box Europe" on Wednesday he saw signs of a bubble based on two of three main characteristics. If we look at the valuation of Nvidia, justifiably it is actually very high indeed," Parker said, adding that the second sign is investor positioning. "Whenever you have a market bubble, investors are very clustered or very concentrated, either in one market or in one sector.
Persons: Bob Parker, CNBC's, Parker, we've Organizations: Capital Markets Association, Nvidia Locations: Europe
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech giant said the new offering can perform a handful of common role-specific actions in Excel and Outlook. Market unlikely to burstBob Parker, senior advisor at trade body International Capital Markets Association, told CNBC there are signs of a bubble in company valuations and investor concentration in the technology sector. [PRO] Europe's 'Super 7'Citi picked "Super 7" European stocks that it said are similar to the "Magnificent 7" U.S. technology stocks but have cheaper valuations leaving more room for them to rise.
Persons: Bitcoin, Bob Parker, Dell, Yvonne McGill Organizations: CNBC, Nasdaq, Dow Jones, Microsoft, Excel, Capital Markets Association, Dell, Citi
CNBC Daily Open: Wall Street unfazed by hot inflation data
  + stars: | 2024-03-01 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei nears record levelJapan's Nikkei 225 closed just shy of the 40,000 level, hitting a fresh record high of 39,910.82, up 1.9%. Overnight, Wall Street ended on a high note as the Nasdaq Composite hit its first closing record since November 2021, rising 0.9%. [PRO] Europe's 'Super 7'Citi picked "Super 7" European stocks that it said are similar to the "Magnificent 7" U.S. technology stocks but have cheaper valuations leaving more room for them to rise.
Persons: Bob Parker Organizations: CNBC, Nikkei, CSI, Nasdaq, Dow, Ministry of Commerce, Capital Markets Association, Citi Locations: China, U.S, Europe
Don't expect a major market reversal, senior advisor says
  + stars: | 2024-02-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't expect a major market reversal, senior advisor saysAre we in a market bubble after recent global highs? Bob Parker, senior advisor International Capital Markets Association, weighs in.
Persons: Bob Parker Organizations: Capital Markets Association
Why Americans are obsessed with peanut butter
  + stars: | 2023-07-14 | by ( Natalie Rice | ) www.cnbc.com   time to read: +9 min
Skippy was the leading peanut butter brand in the U.S. until 1980, a title that now belongs to Jif. Pond, that became the first brand to commercially develop peanut butter in 1920, sparking the way we eat peanut butter today. "We've launched certain innovations specifically in Asian markets to help enable that type of cooking use for peanut butter. Domestically, Americans eat an average of 4.25 pounds of peanut butter per capita, a figure that increased temporarily during the Covid-19 pandemic, according to the National Peanut Board. As the family came together in the middle of the day, we saw that it introduced this love and affection for peanut butter to children who will hopefully carry that love and affection for peanut butter into [their] lifetime," he added.
Persons: Skippy, Joseph Rosefield, Peter Pan, Matt Smith, Circana, Costco's Kirkland, Smucker's, Jif, Smith, Rebecca Scheidler, they've, Ryan Christofferson, Christofferson, aren't, they're, Bob Parker, It's, it's, We've, Parker, Domestically, , Scheidler Organizations: Equity Research, Stifel Financial Corp, Hormel Foods Corp, Post, Holdings, Foods, Hormel Foods, Spam, Unilever, Peanut Board, FDA, Hormel, National Peanut Board Locations: Jif, U.S, Chicago, Smucker, Uncrustables, Longmont , Colorado, McCalla , Alabama, Mexico, Canada, China
Market participants are contending with the risk of persistently higher inflation and a bleak economic outlook, which strategists say is stoking a heady mix of confusion and pessimism. Bob Parker, senior advisor at International Capital Markets Association, said investor confusion appeared to be emerging as a big theme in financial markets. "If you look at the surveys of investor positioning and investor thinking, there is a huge amount of confusion at the moment," Parker told CNBC's "Squawk Box Europe" on Wednesday. To what extent is the U.S. economy and for that matter, the European economy slowing down? "And so, given those uncertainties, I think investors are reducing risk at the moment and booking, frankly, what are decent profits year-to-date."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConfusion is a big theme as investors monitor recession odds and inflation fears, strategist saysBob Parker, senior advisor at International Capital Markets Association, discusses the outlook for quarterly earnings, the prospects for the banking sector and tech companies, and says the theme for May and June is likely to be a rotation into underperforming stocks year-to-date.
It is "unlikely" that European banks will undergo anything as serious as in 2008, according to economists. But a banking crisis today would look very different from 15 years ago thanks to social media, online banking, and huge shifts in regulation. This is "the first bank crisis of the Twitter generation," Paul Donovan, chief economist at UBS Global Wealth Management, told CNBC earlier this month, in reference to the collapse of Credit Suisse . watch nowRegulators shuttered Silicon Valley Bank on March 10 in what was the biggest U.S. bank collapse since the global financial crisis in 2008. Risk in the banking system today is significantly less than it has been at any time over the last 20 or 30 years.
Fabrice Coffrini | Afp | Getty Imageswatch now"The Credit Suisse debacle will have serious ramifications for other Swiss financial institutions. A country-wide reputation with prudent financial management, sound regulatory oversight, and, frankly, for being somewhat dour and boring regarding investments, has been wiped away," Marenzi said. Credit Suisse traded up 3.5% during afternoon deals after ending Monday's session down a whopping 55%. Credit Suisse bond wipeoutUnder the terms of the emergency takeover, investors in Credit Suisse's additional tier-one bonds — widely regarded as a relatively risky investment — will see the value of their holdings slashed to zero. One euro was last seen trading at 0.9961 Swiss francs, weakening from 0.9810 when compared with March 14.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLikelihood of a recession in the U.S. this year is 'very low,' strategist saysBob Parker, senior advisor at International Capital Markets Association, says he "wouldn't be at all surprised if we see progressively more and more upward revisions to U.S.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestment advisor says there are opportunities in tech infratstuctue right nowBob Parker, advisor at CBP Quilvest, discusses the outlook for the tech sector after a difficult year and suggests tech infrastructure as a possible area to invest in.
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