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☆ CNBC Daily Open: Markets triumphed over a tough first half
▼ + stars: | 2023-07-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sublime first half for stocksPop the champagne: On Friday, U.S. stocks ended in the green for the day, week, quarter and first half of the year. Preliminary data showed headline prices in June rose 5.5% year on year, down from 6.1% in May. As Elon Musk's vehicle company doesn't report sales figures, delivery numbers offer investors an idea of how many cars the company has been selling.

Persons: Tesla, Elon, Goldman's, Apple Goldman Sachs, CNBC's Leslie Picker, Goldman, David Solomon, That's Organizations: CNBC, Elon Musk's, Apple, American Express, Big Tech, UBS Locations: U.S

☆ CNBC Daily Open: Don't bet against the U.S. economy
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's businesses falterChina's factory activity in June shrank for a third consecutive month, according to data from the National Bureau of Statistics. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 1.9% in extended training.

Persons: Dow, —, Bob Pisani Organizations: CNBC, Commerce, Dow Jones, Federal, Nikkei, National Bureau of Statistics, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: U.S, Asia, Pacific, China, New Mexico

☆ CNBC Daily Open: The U.S. economy refuses to buckle
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 0.7% in extended training. CNBC Pro's Bob Pisani breaks down their performance, picks a winner and explains what this means for the general IPO market.

Persons: Dow, Bob Pisani Organizations: Foods, CNBC, Commerce, Dow Jones, Federal, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: Atlanta , Georgia, U.S, Swedish, New Mexico

☆ CNBC Daily Open: Consumers might just prevent a U.S. recession
▼ + stars: | 2023-06-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Australia's S&P/ASX 200 added around 1% after May's inflation reading was lower than expected. The fourth industrial revolutionGenerative artificial intelligence isn't hype — it's the "fourth industrial revolution playing out," said Dan Ives, managing director of Wedbush Securities. [PRO] Seth Klarman on marketsLegendary investor Seth Klarman of Baupost Group spoke with CNBC Tuesday in an exclusive interview.

Persons: Australia's, Christine Lagarde, Lagarde, Dan Ives, Ives, Seth Klarman, Klarman Organizations: CNBC, China's Shanghai, HSBC Asset Management, HSBC, Reserve, European Central Bank, Wedbush Securities, Unity, Baupost Locations: U.S, Asia, Pacific

☆ CNBC Daily Open: Consumers might just fend off a U.S. recession
▼ + stars: | 2023-06-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Recession warningThe U.S. will slip into recession in the fourth quarter this year, and will continue languishing in it for 2024, according to HSBC Asset Management. With the new marketplace, users can choose software from other companies to generate AI graphics, text, voice and so on. [PRO] Seth Klarman on marketsLegendary investor Seth Klarman of Baupost Group spoke with CNBC Tuesday in an exclusive interview.

Persons: fintech, Wise, Christine Lagarde, Lagarde, Unity's, Seth Klarman, Klarman Organizations: CNBC, HSBC Asset Management, HSBC, Reserve, European Central Bank, Unity, Baupost Locations: U.S

☆ CNBC Daily Open: Tech, meet reality
▼ + stars: | 2023-06-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Microsoft wants explosive growthMicrosoft CEO Satya Nadella wants the tech giant to hit $500 billion in revenue by fiscal 2030, according to a court filing. Indeed, Nadella sketched out a "20/20" goal, which involves growing revenue and operating income by 20% year over year. Wilson, who predicted the fall in markets last year, thinks the S&P 500 will drop to 3,900 in the fourth quarter.

Persons: Vladimir Putin, Joe Biden, Satya Nadella, Nadella, Li Qiang, Amin Nasser, Wilson, Morgan Stanley's Organizations: CNBC, Tech, Stock, Japan's Nikkei, Wagner, Microsoft, New Locations: Asia, Pacific, Moscow, Russian, U.S, China, India, That's

☆ CNBC Daily Open: Tech confronts reality
▼ + stars: | 2023-06-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech sell-offMajor U.S. indexes fell Monday, dragged down by a sell-off in technology stocks. Leaders speakIn his first televised address since the Wagner Group marched on Moscow, Russian President Vladimir Putin said organizers of the armed mutiny will be "brought to justice" and that his military would have crushed the rebellion. Wilson, who predicted the fall in markets last year, thinks the S&P 500 will drop to 3,900 in the fourth quarter.

Persons: Vladimir Putin, Joe Biden, Wilson, Morgan Stanley's Organizations: CNBC, Tech, Stock, Wagner, England's, National Institute of Economic, Social Research, Apple Watch Locations: Moscow, Russian, U.S, That's

☆ CNBC Daily Open: Skimming off the froth
▼ + stars: | 2023-06-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work the floor of the New York Stock Exchange in New York City on May 31, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But CNBC found it's more likely because large institutional investors are buying bitcoin as liquidity remains low. [PRO] Markets on an even footingMarkets may have declined last week, but CNBC Pro's Michael Santoli thinks there's still a "favorable underlying market trend."

Persons: Kospi, Wagner Group's, Wagner, Yevgeny Prigozhin, Antony Blinken, Prigozhin, Ian Bremmer, Moody's, it's, Michael Santoli, there's Organizations: New York Stock Exchange, CNBC, Wagner Group, U.S, Eurasia Group, Moody's Investors, BlackRock Locations: New York City, Europe, Asia, Pacific, Russia, Rostov, Moscow, U.S

☆ CNBC Daily Open: Skim off the froth
▼ + stars: | 2023-06-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stock markets in Europe traded lower too. [PRO] Markets on an even footingMarkets may have declined last week, but CNBC Pro's Michael Santoli thinks there's still a "favorable underlying market trend."

Persons: Goldman Goldman Sachs, David Solomon, Solomon, Moody's, Wagner, Yevgeny Prigozhin, Alexander Lukashenko, Antony Blinken, Michael Santoli, there's Organizations: New York Stock Exchange, CNBC, Siemens, Moody's Investors, Wagner Group, Belarusian, U.S Locations: New York City, Europe, GreenSky, U.S, Russia, Rostov, Moscow

☆ CNBC Daily Open: Seeking shelter in tech
▼ + stars: | 2023-06-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. BOE's supersized surprise hikeThe Bank of England raised interest rates by 50 basis points, bringing rates to 5%. But May's inflation reading for the U.K. was a scorcher: Inflation last month remained unchanged from April, while core inflation actually rose from 6.8% to 7.1% year over year. Yet market strategists from UBS and JPMorgan Chase and are already warning that the stock market may be overvalued.

Persons: BOE's, BOE, Jerome Powell, Martin Gruenberg, JPMorgan Chase Organizations: CNBC, of England, Federal, Nasdaq, Dow Jones Industrial, Nikkei, UBS, JPMorgan Locations: EU, China, Europe, Beijing, Lithuania, Asia, Pacific

☆ CNBC Daily Open: Rate hikes and red lights
▼ + stars: | 2023-06-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But May's inflation reading for the U.K. was a scorcher: Inflation last month remained unchanged from April, while core inflation actually rose from 6.8% to 7.1% year over year. Turkey's welcome hikeTurkey's central bank — under its new governor Hafize Gaye Erkan — doubled the country's interest rate from 8.5% to 15%. Yet market strategists from UBS and JPMorgan Chase and are already warning that the stock market may be overvalued.

Persons: BOE's, BOE, Hafize Gaye Erkan —, Recep Tayyip Erdogan's, Jerome Powell, Martin Gruenberg, Ocado, JPMorgan Chase Organizations: CNBC, of England, Federal, Nasdaq, Dow Jones Industrial, UBS, JPMorgan Locations: —

☆ CNBC Daily Open: Time to rethink the rally?
▼ + stars: | 2023-06-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally haltedU.S. markets closed in the red Tuesday, halting a rally that drove stocks to their highest levels in more than a year. The dinner symbolizes the White House's — and corporate America's — turn to India at a time when U.S.-China ties are fraying.

Persons: Hong, Narendra Modi, Joe Biden, Biden, Tim Cook, Alphabet's Sundar Pichai, Satya Nadella, Raj Subramaniam, Anthony Tan, Alex Hungate, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Japan's Nikkei, U.S, House, CYVN Holdings, Reuters Locations: New York City, Asia, Pacific, Hong Kong, India, China, Abu Dhabi, Nio, Singapore

☆ CNBC Daily Open: Rethinking the rally
▼ + stars: | 2023-06-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally haltedU.S. markets closed in the red Tuesday, halting a rally that drove stocks to their highest levels in more than a year. The UK 'doom loop'The U.K. economy is trapped in a growth "doom loop," according to the country's Institute for Public Policy Research. The International Monetary Fund expects the U.K. economy to grow 0.4% this year.

Persons: Germany's DAX, Eli Lilly, Thali, Narendra Modi, Joe Biden, Biden, Tim Cook, Alphabet's Sundar Pichai, Satya Nadella, Raj Subramaniam, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Dice Therapeutics, country's Institute for Public Policy Research, Monetary Fund, U.S, House Locations: New York City, San Francisco, India, China

☆ CNBC Daily Open: The Chinese dragon's still dozing
▼ + stars: | 2023-06-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Blinken unexpectedly meets XiU.S. Secretary of State Antony Blinken ended his China visit by meeting with Xi Jinping, the country's president. Nonetheless, they signal to markets that Chinese officials are ready to step in and support economic growth. CNBC Pro combed through FactSet data and found six stocks that are on the verge of forming the golden cross.

Persons: Blinken, Antony Blinken, Xi Jinping, Blinken's, Joe Biden, Xi, Eddie Wu, Alibaba's, Daniel Zhang, Joe Tsai, Zhang Organizations: CNBC, Xi U.S, U.S, Markets, Juneteenth, China's, Bank of, Tmall, Alibaba's Cloud Intelligence Group, Analysts Locations: Dongguan, Guangdong Province of China, China, frayed U.S, America, Asia, Pacific, China's Shanghai, Bank of China

☆ CNBC Daily Open: China, the dozing dragon
▼ + stars: | 2023-06-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Blinken unexpectedly meets XiU.S. Secretary of State Antony Blinken ended his China visit by meeting with Xi Jinping, the country's president. Blinken's meeting could pave the way for U.S. President Joe Biden to meet Xi in November. The country's mortgage market's so volatile that HSBC temporarily stopped offering some home loans earlier this month.

Persons: Blinken, Antony Blinken, Xi Jinping, Blinken's, Joe Biden, Xi, Buffett, Warren Buffett's Berkshire Hathaway, Morgan Stanley Organizations: CNBC, Xi U.S, U.S, Juneteenth, Mitsubishi, Mitsui, Sumitomo, HSBC, Asia Locations: Lujiazui, Pudong, Shanghai, China, frayed U.S, America, Itochu, Berkshire, Japan, Asia Pacific

☆ CNBC Daily Open: Fueled by the FOMO momentum
▼ + stars: | 2023-06-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' streak snappedU.S. stocks fell Friday, with the S&P 500 and Nasdaq Composite snapping their six-day winning streak. Asia-Pacific markets mostly dropped Monday as well, with markets in China, Japan and South Korea trading lower. Tesla's self-driving ambitionsElon Musk said the value of Tesla depends on whether it can crack the code to self-driving vehicles.

Persons: Antony Blinken, Qin Gang, Biden, China Goldman Sachs, Elon Musk, Tesla, Bull, Michael Hartnett, Hartnett, it'll Organizations: U.S ., Microsoft, CNBC, Nasdaq, China U.S, Foreign, Qin, Bears, Bank of America Chief Investment Locations: U.S, Issy, France, Asia, Pacific, China, Japan, South Korea, Beijing, Wall

☆ CNBC Daily Open: The FOMO momentum
▼ + stars: | 2023-06-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

(Photo by I RYU/VCG via Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' streak snappedU.S. stocks fell Friday, with the S&P 500 and Nasdaq Composite snapping their six-day winning streak. Tesla's self-driving ambitionsElon Musk said the value of Tesla depends on whether it can crack the code to self-driving vehicles. There are three factors, according to Hartnett, that'll allow stocks to continue their current rally — though he worries it'll be a "big rally before big collapse."

Persons: RYU, Elon Musk, Tesla, Antony Blinken, Qin Gang, Biden, Bull, Michael Hartnett, Hartnett, it'll Organizations: Microsoft, Getty, CNBC, Nasdaq, gilts, Amazon, China U.S, Foreign, Qin, Bears, Bank of America Chief Investment Locations: Seattle , Washington, Blinken, China, Beijing, U.S

☆ CNBC Daily Open: Don’t fight the Fed? What’s that?
▼ + stars: | 2023-06-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Journeys to the eastWith U.S.-China ties growing rocky, venture capitalists in China are turning to Middle East investors to raise capital. The Federal Reserve said it's likely to raise rates further at its later meetings — and then keep them high for longer. Either the Fed's lying about rates or economic data's lying about a recession.

Persons: Antony Blinken, Bill Gates, Xi Jinping, A.I, Kevin Scott, it's, CNBC's Bob Pisani Organizations: CNBC, ECB, European Central Bank, Nikkei, Bank of Japan, U.S, Microsoft, Federal Reserve Locations: Asia, Pacific, China, East, U.S, Beijing

☆ CNBC Daily Open: Don’t fight the Fed? What Fed?
▼ + stars: | 2023-06-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets liked the pauseU.S. markets rallied Thursday as traders digested the Federal Reserve's rate pause — and seemed to decide it was a good thing. But traders in Europe didn't like the ECB's rate hike, resulting in a 0.13% drop in the pan-European Stoxx 600 index. Either the Fed's lying about rates or economic data's lying about a recession.

Persons: Richard Branson, Trade Bell, Coinbase, Kevin Scott, it's, CNBC's Bob Pisani Organizations: of Virgin Galactic, Trade, New York Stock Exchange, CNBC, ECB, European Central Bank, Markets, BlackRock, U.S . Securities, Exchange Commission, SEC, Microsoft, Federal Reserve Locations: New York City, Europe

☆ CNBC Daily Open: The Fed paused rates — and the rally in markets
▼ + stars: | 2023-06-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Drew Angerer | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And if inflation does indeed fall further, Powell suggested the Fed might deviate from its projections and keep rates steady. July's Federal Open Market Committee "will be a live meeting," because "a decision hasn't been made," Powell said. But even if the Fed doesn't hike in July, it's likely to hold rates steady for the rest of the year.

Persons: Jerome Powell, Drew Angerer, Gundlach, Wharton, Jeremy Siegel's, Powell, hasn't, there's, it's Organizations: Federal Reserve, Federal, Market, Getty, CNBC Locations: Washington ,

☆ CNBC Daily Open: The Fed paused, but so did markets
▼ + stars: | 2023-06-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Pause and playThe Federal Reserve left interest rates unchanged, as widely expected. That could mean a return to raising rates to combat Turkey's sky-high inflation, which was 39.6% in May.

Persons: Jerome Powell, Recep Tayyip Erdogan, Erdogan, Elon Musk, Noel Barrot, Barrot, Jeffrey Gundlach, Gundlach Organizations: Federal Reserve, CNBC, Dow Jones, Nasdaq, Twitter, DoubleLine Locations: Washington ,, Europe, France, EU, U.S

☆ CNBC Daily Open: May’s CPI reading lets Fed pause hikes
▼ + stars: | 2023-06-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Though the annual rate of inflation at 4% is still two times the Fed's target, it's the slowest increase since March 2021. That category tends to not reflect the current rental market because the CPI looks at the rental prices people are currently paying, not the rental prices landlords are asking for now. That leaves room for the Fed to pause its rate hikes. Traders think there's only a 10% chance the Fed will raise rates, according to the CME Group's FedWatch tool.

Persons: Stephen Stanley, Gargi Chaudhuri Organizations: CNBC, Fed, Traders Locations: U.S

☆ CNBC Daily Open: May’s CPI tells the Fed it can pause hikes
▼ + stars: | 2023-06-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That category tends to not reflect the current rental market because the CPI looks at the rental prices people are currently paying, not the rental prices landlords are asking for now. That leaves room for the Fed to pause its rate hikes. Traders think there's only a 8% chance the Fed will raise rates, according to the CME Group's FedWatch tool.

Persons: Stephen Stanley, Gargi Chaudhuri Organizations: CNBC, Fed, Traders Locations: U.S

☆ CNBC Daily Open: Tech is loving the possible rate pause
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hopes for a pause in interest rates helped to send stocks higher Monday. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Tim Cook, Mark Zandi, Oracle's, That's Organizations: Apple Inc, Apple Vision, Apple Worldwide, Apple, CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: Cupertino , California, That's

☆ CNBC Daily Open: Everyone's expecting inflation to slow down
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. The S&P 500 added 0.93%, further adding to the gains it's accumulated over the past few days, and the Dow Jones Industrial Average climbed 0.56%. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Mark Zandi, Oracle's, That's Organizations: CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: That's

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