European stocks opened higher
European stocks opened higher on Monday, with the benchmark STOXX 600 index up 0.5% as of 8:05 a.m. 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 Uses These 7 Global Stocks to Beat the Market
Global stock markets may be under pressure from geopolitical tensions and sticky inflation — but one portfolio manager sees potential in a few stocks.
“In all market conditions, there are always investment opportunities,” Rob Hinchliffe, managing director and equity analyst at Pinebridge Investments, told CNBC Pro last month. We look for stocks that we think are better than what the market currently thinks.”
Hinchliffe manages more than $1 billion in assets in Pinebridge through his 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 love this gold explorer’s stock – even the most cautious expect it to rise 114%
Shares of the Canadian gold explorer could double, say Scotiabank analysts.
The investment bank reiterated its bullish stance after the mining company reported new drilling results from its US mines.
Scotiabank isn’t the only analyst to like the stock. BMO Capital Markets sees 209% upside potential, while Beacon Securities says the stock could rise 400% over the next 12 months.
CNBC Pro subscribers can read more here.
– Ganesh Rao
European Market: Here’s the opening call
European markets are set to open higher on Monday.
British FTSE 100 The German index is expected to open 78 points higher at 7,974 German DAX index France rose 58 points to 17,797 CAC Italy rose 43 points to 8,050 points FTSE MIB According to IG data, it rose 136 points to 33,373.
No major earnings or data releases on Monday.
– Holly Elliott
Tags: European stocks started week higher markets hoping regain momentum
