European stocks open higher
European stocks opened higher on Monday, with the benchmark Stoxx 600 index rising 0.5% at 8:05 am London time.
Britain’s FTSE 100 rose 1.1%, France’s CAC 40 rose 0.5% and Germany’s DAX rose 0.7%.
Stoke 600.
CNBC Pro: A top fund manager is using these 7 global stocks to beat the market
Global stocks may be facing pressure from geopolitical tensions and sticky inflation, but portfolio managers see potential in several stocks.
“In all market conditions, there are always investment opportunities. We’re looking for stocks that we think are better than what the market currently thinks,” Rob Hinchliffe, managing director and equity analyst at PineBridge Investments, told CNBC Pro last month.
Hinchliffe manages more than $1 billion in assets at PineBridge through its management company Global Focus Equity Fund. The fund was launched in 1999 and holds about 40 stocks.
He now names some of the top stocks.
CNBC Pro subscribers can read more here.
— Amala Balakrishna
CNBC Pro: Analysts like this gold explorer’s stock — even the most cautious expect it to surge 114%
Shares of a Canadian gold explorer could double, Scotiabank analysts say.
The investment bank reiterated its bullish stance after the mining company reported new drilling results from its U.S. mine.
Scotiabank isn’t the only analyst to like the stock. BMO Capital Markets sees upside potential for the stock at 209%, while Beacon Securities says the stock could rise 400% over the next 12 months.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European Markets: Here are the opening calls
European markets are set to open higher on Monday.
British FTSE 100 German index expected to open 78 points higher at 7,974 German DAX Index France rose 58 points to 17,797 CAC Up 43 points to 8,050 points, Italy FTSE MIB It rose 136 points to 33,373, according to IG data.
There are no major earnings or data releases on Monday.
— Holly Elliot
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