European markets rose slightly. UK awaits another fiscal report

Moving Shares: ITV rose 9.6%, Hargreaves Lansdown fell 4.4% ITV’s shares rose 9.6% following reports the Financial Times could sell its stake in production unit ITV Studios. ITV Studios is one of the largest. European program makers and some analysts estimate it could be worth more than the parent company’s market capitalization of £2.5 billion ($2.82 billion). UK investment platform Hargreaves Lansdown fell 4.4% following a slowdown in earnings reports and the resignation of CEO Chris Hill. The company reported a decrease in assets under management during the first quarter of fiscal 2023. The organization has also been sued for millions of pounds over the failure of one of its former fund managers, Neil Woodford.— Hannah Ward-GlentonUK Long-term UK Treasury yields, known as gold, ahead of a decline in UK Treasury yields ahead of today’s late forecast Jeremy Hunt. ) fell ahead of the new finance minister’s financial report. In the case of 20-year pork, it fell by about 15bp at the opening, while the yield of pork linked to the 30-year index fell by about 17bp. — Hannah Ward-Glenton’s pound strengthens after policy reversal The pound rose in Asia Monday morning after further policy reversal by the British government late last week. The pound was last up 0.56% from $1.1233. CNBC Pro: Retirement imminent? How to allocate your portfolio right now, according to experts. Despite market volatility, asset managers say it’s important to stay invested if retirement is imminent. Retirees need liquidity? CNBC Pro asks experts for opinions. You can read more about Pro here.— Weizhen TanChina’s central bank keeps medium-term interest rates unchanged People’s Bank of China builds medium-term lending facilities (MLFs) Interest rates remained at 2.75%, according to a website statement. Reuters polls expected MLF rates to remain unchanged and central bank lending to partially roll over. -Lee Ji-Hye CNBC Pro: As market volatility continues , Wall Street analysts say sell the stock. rldwide has been hit hard this year, and major indices are still in negative territory. As investors decide whether to sell or stay invested, CNBC Pro curated nearly 1,500 large and mid-cap global stocks, with a number of major companies finding sell or underweight. Ratings.CNBC Pro subscribers can read more here.— Ganesh RaoWed, Aug 17 202212:29 AM EDTEEuropean Markets: Here is the opening statement. European markets are heading towards lower openings on Monday as investors examine the worsening economic outlook. According to data from IG, the UK’s FTSE index is expected to decline by 31 points to 6819, the German DAX to 12377, to decrease by 60 points, and the French CAC to decline by 29 points to 5902. Stocks in Asia Pacific fell on Monday as fears of a recession weighed on sentiment. Meanwhile, U.S. stock futures rose early Monday as investors waited for Bank of America’s massive earnings report on Monday. Figures released Tuesday morning Holly EllyattCNBC Pro: Mike Wilson of Morgan Stanley presents key risks to earnings and names stocks to avoid. .Investment banks have selected several stocks they expect to be most impacted over the next three to six months, and these stocks may see their share price decline over the same period. Read more here.— Zavier Ong
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