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☆ European markets head for higher open as traders assess simmering geopolitical tensions
▼ + stars: | 2024-11-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to open higher Wednesday as markets keep an eye on a spike in tensions in the Ukraine-Russia war. The U.K.'s FTSE 100 index is expected to open 4 points higher at 8,106, Germany's DAX up 46 points at 19,108, France's CAC up 23 points at 7,252 and Italy's FTSE MIB up 118 points at 33,567, according to data from IG. Asia-Pacific markets were mostly lower overnight after a mixed day on Wall Street amid the mounting geopolitical tensions. U.S. stock futures ticked higher on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia . Traders are looking for more details on demand for Nvidia's Blackwell AI chips, which CEO Jensen Huang last month characterized as "insane."

Persons: Germany's DAX, Nvidia's, Jensen Huang Organizations: France's CAC, IG, Global, West ., Nvidia, Traders, Nvidia's Blackwell, Nasdaq Locations: Ukraine, Russia, U.S, West, West . Asia, Pacific, Severn Trent, British

☆ European markets head for higher open as traders focus on data, earnings
▼ + stars: | 2024-11-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher on Tuesday, with investors keeping an eye on data releases and earnings reports. The U.K.'s FTSE 100 index is slated to open 39 points higher at 8,144, Germany's DAX up 53 points at 19,227, France's CAC 24 points higher at 7,298 and Italy's FTSE MIB up 115 points at 34,002, according to data from IG. Earnings will be coming in from Imperial Brands and Thyssenkrupp , while a finalized euro zone inflation reading for October is also due during the session. Regional markets closed lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due Stateside on Wednesday. Overnight, Asia-Pacific markets traded mostly higher, as investors parsed the speech of Chinese financial policymakers at an investment summit in Hong Kong.

Persons: Germany's DAX Organizations: CAC, IG, Imperial Brands, Nvidia Locations: Asia, Pacific, Hong Kong . U.S

☆ European markets set for higher open as investors look to shake off negative sentiment
▼ + stars: | 2024-11-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

City of London skyline view looking over the River Thames and Waterloo Bridge at sunset on 10th February 2024 in London, United Kingdom. European markets were on track to rise as a new trading week kicks off Monday, with investors looking to shake off last week's negative sentiment and attention turning to regional inflation data. Italy's FTSE MIB was also on track to open higher, adding 158 points to 34,060. Investors this week will be looking to several key regional data points, including the latest inflation data out of the U.K. on Wednesday. The figures come after Friday's U.K. gross domestic product reading, which came in at 0.1% in the third quarter, falling short of expectations.

Persons: Germany's DAX, Christine Lagarde Organizations: CAC, Markets, European Central Bank, ECB Locations: London, United Kingdom

☆ Citi says this Korean stock is a 'unique' beneficiary of Nvidia's new AI chip, giving it 40% upside
▼ + stars: | 2024-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Nvidia's next-generation artificial intelligence chip Blackwell is in hot demand from companies like OpenAI, Microsoft , Meta and other firms building AI data centers to power products like ChatGPT and Copilot. Doosan's CCLs are manufactured by Doosan Electronics, a subsidiary that accounts for over 70% of the corporation's revenue. The bank's analysts believe this estimate could be conservative, noting the increased CCL content per Blackwell chip, which could translate into a much higher total addressable market than previously estimated. Doosan's stock has already shown strong performance, rising nearly 150% this year and almost tripling in value over the past year. The company is currently valued at about $2.5 billion on the Korean stock exchange.

Persons: Nvidia's, Blackwell, Nvidia's Blackwell, Josh Yang, Schwab, — CNBC's Michael Bloom, CJ Haddad Organizations: Citi, Doosan Corporation, Nvidia, Doosan, Korean, Blackwell, Microsoft, Meta, CCL, Nvidia Blackwell, Doosan Electronics, Co, RAFI Locations: Korea, Korea's

☆ European markets set to open lower; UK GDP ticks up slightly
▼ + stars: | 2024-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

European markets were set to open lower Friday, as investors looked ahead to fresh data and assessed the future path for interest rate cuts following hawkish comments from U.S. Federal Reserve Chair Jerome Powell. The U.K.'s FTSE 100 index was seen opening 13 points lower at 8,054, Germany's DAX 39 points down to 19,210, France's CAC lower 26 points at 7,283 and Italy's FTSE MIB 129 points down to 33,966, according to IG data. Across the Atlantic, speaking Thursday, Powell said that strong U.S. economic growth is allowing policymakers to take their time in deciding how far and how fast to lower interest rates. U.S. stock futures inched lower overnight as Wall Street continued to assess the comments and the future path of the post-election rally. Asia markets, meanwhile, were mixed during Friday's session.

Persons: Jerome Powell, Germany's DAX, Powell Organizations: U.S . Federal, CAC, Burberry, Labour, Aegon, Experian Locations: U.S, Asia

☆ David Tepper's Appaloosa loaded up on Temu parent PDD Holdings during third quarter
▼ + stars: | 2024-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Hedge fund billionaire David Tepper's bet on China involved increasing his exposure to the leading e-commerce companies in the world's second-largest economy, according to the latest securities filing. Tepper's Appaloosa Management more than doubled its position in Temu parent PDD Holdings in the third quarter, according to the hedge fund's quarterly filing. Between Alibaba , PDD and JD.com , Appaloosa held roughly $2 billion of Chinese e-commerce stocks at the end of September. The quarterly hedge fund filing released Thursday showed only positions in U.S.-traded equities, including American depositary receipts, and some derivatives. PDD 6M mountain Chinese stocks like PDD Holdings have been volatile in recent months.

Persons: David Tepper's, Tepper, Stocks, Donald Trump's Organizations: Management, PDD Holdings, CNBC, U.S . Securities, Exchange Commission, Wynn Resorts, iShares FTSE, iShares FTSE China ETF, Vistra Corp, NRG Energy, Amazon, Microsoft, UPS, Boeing, U.S . PDD Holdings, National Football League's Carolina Panthers Locations: China, PDD, Alibaba, iShares FTSE China, Lyft, U.S

☆ European markets head for a lower open as traders await inflation data
▼ + stars: | 2024-11-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs. The U.K.'s FTSE 100 index is expected to open 18 points lower at 8,054, Germany's DAX down 93 points at 19,355, France's CAC down 34 points at 7,392 and Italy's FTSE MIB down 157 points at 33,659, according to data from IG. Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday. Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today. Asia-Pacific markets mostly fell overnight with investors exercising caution even as US.

Persons: Donald Trump's, Germany's DAX Organizations: France's CAC, IG, Infineon, Bayer, Vodafone, AstraZeneca Locations: Germany, Asia, Pacific

☆ European markets set to start the week on a positive note
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are expected to open in positive territory Monday as global markets take a breath following last week's U.S. election. Earnings are set to come from Continental, Hannover Re and Mediobanca. Stocks also got a boost from the Federal Reserve after it lowered interest rates by a quarter percentage point last Thursday. Global investors will be awaiting the latest U.S. inflation readings due later in the week. Overnight, Asia-Pacific markets fell after China's latest stimulus measures underwhelmed and its October inflation numbers came in lower than expected.

Persons: Germany's DAX, Dow, Donald Trump's, Stocks Organizations: U.S, France's CAC, IG, Hannover Re, Federal Reserve, Global Locations: Continental, Europe, U.S, Asia, Pacific

☆ European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
▼ + stars: | 2024-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.

Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S

☆ A huge amount of opportunity in markets, Wren Sterling CIO says
▼ + stars: | 2024-11-08 | 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 EmailA huge amount of opportunity in markets, Wren Sterling CIO saysRory McPherson, chief investment officer at Wren Sterling, discusses the outlook for global stocks and the performance of the U.K.’s FTSE 100 index.

Persons: Wren Sterling, Rory McPherson Organizations: ’

☆ CNBC Daily Open: Powell maintains that elections won't sway Fed's policy
▼ + stars: | 2024-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Kent Nishimura | Getty ImagesThis 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. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said. — CNBC's Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Alex Harring contributed to this report.

Persons: Jerome Powell, Kent Nishimura, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, —, Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: FTSE, Federal, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: GDAXI, Washington, Washington , DC

☆ Europe's markets head for mixed open as Trump win settles in; Fed, BoE decisions in focus
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open as global investors digest Donald Trump's presidential election win and political upheaval in Germany. They also await monetary policy decisions from the U.S. Federal Reserve and Bank of England. Global markets continue to react to Donald Trump's decisive election win, with U.S. stocks rallying Wednesday as Wall Street rejoiced the speedy conclusion of the presidential election. Central banks will be closely watched Thursday, with the Fed and BoE both expected to announce rate cuts. Scholz announced he would bring a vote of confidence to the German parliament on Jan. 15.

Persons: Donald Trump's, Germany's DAX, BoE, Chancellor Olaf Scholz, Christian Lindner, Lindner's, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, Global, Fed Locations: Germany, Asia, Pacific, U.S

☆ European stocks head for lower open as global markets focus on U.S. vote count
▼ + stars: | 2024-11-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a lower open Wednesday as global markets focus on the vote count following the U.S. presidential election. Global markets are focusing on the results emerging from key battleground states that are expected to determine the winner of the presidential race between former President Donald Trump and Vice President Kamala Harris. Trump won the electoral vote heavy prizes of Texas and Florida, as well as battleground states of Georgia and North Carolina. Republicans are expected to regain their majority control of the U.S. Senate in 2025, according to NBC News. U.S. stock futures rose sharply in overnight trading as investors started to speculate that Trump could have an edge in the presidential race.

Persons: Germany's DAX, Donald Trump, Kamala Harris, Trump, Harris Organizations: U.S, France's CAC, IG, Global, NBC News, U.S . Senate, NBC, Republicans, Federal Locations: U.S, Texas, Florida, Georgia, North Carolina, New York, California, Virginia, Asia, Pacific

☆ Dow set to surge more than 1,200 points as Trump is reelected
▼ + stars: | 2024-11-06 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

Markets, in particular, crave certainty, and the clear path forward will allow companies to adjust their business and hiring plans. But stocks may also be reacting to Trump’s victory, in particular. Trump flipped several swing states from President Joe Biden’s 2020 victory, and Republicans also took control of the Senate. So Trump’s victory, at least for now, appears to be keeping those rates somewhat higher. Other so-called Trump trades, including shares of his social media stock, Trump Media & Technology Group, surged Wednesday morning.

Persons: Donald Trump, Trump, Joe Biden’s, refocusing, Sam Stovall, Bitcoin, Crypto, Trump’s, Germany’s DAX, Australia’s, ”, Neil Newman, Hong, ” Daniel Murray Organizations: New, New York CNN —, Dow, Nasdaq, Republicans, Fed, JPMorgan, Democratic, CFRA Research, Gross, Treasury, Trump, Trump Media & Technology Group, CAC, Nikkei, Advisory, EFG Asset Management Locations: New York, Europe, Asia, China, Tokyo, Shanghai

☆ AstraZeneca shares fall on report of potential China probe fallout
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: +2 min

The Astrazeneca logo is pictured at the World Artificial Intelligence Conference 2021 in Shanghai, China, July 7, 2021. "As a matter of policy, we do not comment on speculative media reports including those related to ongoing investigations in China," AstraZeneca said. "If requested, we will fully cooperate with the Chinese authorities," the company added and said that its operations and delivery of medicines were ongoing in China. AstraZeneca is one of the biggest multinational drugmakers in China, which accounts for 13% of its overall revenue. In 2022, Chinese authorities had summoned AstraZeneca officials over an investigation of suspected medical insurance fraud by its employees, and had ordered that the drugmaker tighten its marketing activities.

Persons: Leon Wang, Wang, AstraZeneca Organizations: Astrazeneca, Artificial Intelligence, AstraZeneca, country's pharma Locations: Shanghai, China, Swedish

☆ European markets set for lackluster open as traders focus on U.S. Election Day
▼ + stars: | 2024-11-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a lackluster start to the trading day as global markets gear up for the U.S. presidential election Tuesday, with the vote too close to call between former President Donald Trump and current Vice President Kamala Harris. The U.K.'s FTSE 100 index is expected to open 15 points lower at 8,177, Germany's DAX down 12 points at 19,149, France's CAC down 1 point at 7,374 and Italy's FTSE MIB up 73 points at 34,358, according to data from IG. Earnings are set to come from Saudi Aramco, Adecco, Schaeffler, Deutsche Post DHL, Zalando, Hugo Boss, Bouygues, Ørsted, Vestas Wind and Fresenius Medical Care. Market attention will be focused on which party dominates Congress as a result of the U.S. election, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy. Follow CNBC's 2024 election live blog here.

Persons: Donald Trump, Kamala Harris, Germany's DAX, Hugo Boss, Bouygues, Ørsted Organizations: U.S, France's CAC, IG, Saudi Aramco, Adecco, Deutsche Post DHL, Zalando, Fresenius, Republicans Locations: Saudi

☆ European markets head for mostly positive open as traders gear up for U.S. election
▼ + stars: | 2024-11-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a mostly positive note Monday, with all eyes on Tuesday's presidential election in the U.S. Earnings are set to come from BioNTech and Ryanair and data releases include European manufacturing purchasing managers' index data. Global market aftershocks may hinge heavily on which party takes control of Congress as a result of the vote. If control of the U.S. House of Representatives and Senate is divided, it would likely mean a maintaining of the status quo. Asia-Pacific markets rose Monday, while U.S. stock futures were mixed in overnight trading Sunday.

Persons: Germany's DAX, Donald Trump, Kamala Harris Organizations: U.S, France's CAC, IG, Ryanair, NBC, Global, U.S . House, Republican, Democratic Locations: BioNTech, Asia, Pacific

☆ European markets expected to start November in mixed territory as traders await U.S. jobs data
▼ + stars: | 2024-11-01 | by ( Sam Meredith | ) www.cnbc.com time to read: 1 min

Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to the all-important U.S. jobs report. The U.K.'s FTSE 100 is poised to open 8 points higher at 8,113, Germany's DAX 6 points higher at 19,060, France's CAC up 8 points at 7,342 and Italy's FTSE MIB down 22 points at 34,008, according to data from IG. The moves come shortly after European stocks closed lower on Thursday, ending October with its steepest loss for year as investors weighed corporate results, inflation data and a landmark U.K. budget.

Persons: Germany's DAX Organizations: of, France's CAC, IG Locations: of London

☆ Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
▼ + stars: | 2024-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.

Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs

☆ European markets expected to open lower ahead of euro zone inflation data
▼ + stars: | 2024-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. LONDON — European markets were heading for a lower open Thursday as investors look ahead to the latest euro zone inflation data. The preliminary reading for October will be closely watched as it will inform the European Central Bank as to the trajectory of expected interest rate cuts. Flash economic data published Wednesday showed that the euro zone economy grew 0.4% in the third quarter of 2024, above the 0.2% rise expected by economists polled by Reuters. There are more earnings Thursday with Shell , Stellantis , Maersk , AB Inbev and Carlsberg reporting.

Persons: Rachel Reeves Organizations: London's FTSE, European Central Bank, Reuters, Shell, Maersk, AB Inbev, Carlsberg, Labour Locations: London, London's

☆ These stocks and bonds are set to win from the U.K.'s budget, analysts say
▼ + stars: | 2024-10-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

The U.K.'s Labour Party is set to unveil its national budget for the first time in 14 years later on Wednesday. Investment bank analysts have highlighted several stocks that could win or lose ground if the rumored measures are unveiled or curtailed. The Wall Street bank's analysts added that "U.K. long-dated yields might decline with easing budget uncertainty and continued inflation relief". The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Such a move may entice existing investors to sell the stocks, if the tax policy change likely impacts them.

Persons: Rachel Reeves, Goldman Sachs, Christian Mueller, Glissmann, Pound Sterling, Investec's Ben Newell, Alan Brierley, Investec's, Genuity, Canaccord Genuity, Alex Brooks, Justin Bates, Portia Patel, Michael Bloom Organizations: Labour, Finance, Investment, London Stock Exchange, Foresight, Fund, Greencoat, Renewables, Infrastructure, International, AIM, London Stock Exchange's, Technology Ashtead Tech Locations: United Kingdom

☆ European markets set for lackluster open as traders continue to focus on earnings
▼ + stars: | 2024-10-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open in flat to lower territory Tuesday as traders in the region await more earnings reports. Earnings are set to come from Adidas, Lufthansa, Novartis, Santander and BP, among others. Data releases of note include Germany's GfK consumer confidence figures. Europe's largest lender HSBC on Tuesday announced it will repurchase up to $3 billion in shares as it issued better-than-expected third-quarter earnings. Asia-Pacific markets traded mixed in spite of gains on Wall Street as investors looked toward a slate of mega-cap technology earnings this week, including Meta Platforms and Microsoft on Wednesday and Apple on Thursday..

Persons: Germany's DAX Organizations: France's CAC, IG, Adidas, Lufthansa, Novartis, Santander, BP, HSBC, Tuesday, Meta, Microsoft, Apple Locations: Asia, Pacific

☆ Vietnam waits for major upgrade to its $200 billion stock market
▼ + stars: | 2024-10-28 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

Vietnam's long wait for emerging market status could soon be over. The Southeast Asian nation is currently classified as a frontier market and has been on the FTSE emerging market watchlist since 2018. An upgrade to emerging market status could see global funds pouring billions into Vietnam's financial market which currently has a market value just north of $200 billion. Speaking to CNBC's "Street Signs Asia" before the confirmation, Maybank Investment Bank Vietnam's Head of Equity Research Thanh Quan Trong said that the FTSE upgrade for Vietnam to emerging market status could come as early as September 2025. "We are seeing good progress in Vietnam fixing the regulatory bottlenecks to get the market upgraded to emerging market status," Trong told CNBC.

Persons: Equity Research Thanh Quan Trong, Pham Minh, Trong Organizations: FTSE, Russell, Maybank Investment, Vietnam's, Equity Research, FTSE Russell, CNBC, World Bank, Vietnam's Institute for Economic, Research Locations: Vietnam

☆ European markets head for mixed open as investors review geopolitical tensions
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a lackluster note Monday as investors review the geopolitical situation in the Middle East. The U.K.'s FTSE 100 index is expected to open 8 points lower at 8,243, Germany's DAX up 30 points at 19,747, France's CAC up 12 points at 7,508 and Italy's FTSE MIB up 108 points at 34,648, according to data from IG. Market participants will be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies. U.S. equity futures jumped as investors looked ahead to a batch of mega-cap technology earnings to keep driving the Nasdaq Composite to new heights this week.

Persons: Germany's DAX Organizations: France's CAC, IG, Citi, Nikkei, Nasdaq Locations: Israel, Iran, Asia, Pacific

☆ Big companies are seeing more turnover in the CFO chair. Here's why that matters
▼ + stars: | 2024-10-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023. A global pandemic, increased geopolitical tensions overseas, supply chain disruptions and recession concerns have made the CFO role even harder. Jim Cramer also has pounded the table of the importance of the CFO role, arguing that "a good CFO can give you a feeling of a Good Housekeeping seal of approval." Moving forward, it's unclear whether CFO turnover will continue to pickup. "If a CFO immediately resigns intra quarter, what companies will do sometimes is reaffirm their guidance to ease investor concerns.

Persons: Zachary Kirkhorn, Deepak Ahuja, Russell Reynolds, CFOs, Steve Gallucci, —, they've, Goldman Sachs, David Viniar, Josh Crist, Crist, Raymond James, Paul Shoukry, Jim Cramer, Amy Hood, Hood, we've …, Costco's Richard Galanti, Eli Lilly, Anat Ashkenazi, Ashkenazi, Ruth Porat, Apple, Luca Maestri, Amy Weaver, Mike Stepniak, Jeff Marks, Marks, It's, Jim Cramer's, Jim Organizations: Wall Street, Deloitte's Global, CNBC, Fortune, Goldman, Bloomberg News, Kolder, Microsoft, Honeywell, Federal, Jim Cramer's Charitable, Istock, Getty

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