European markets nudge higher; euro zone employment falls as business activity declines

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8 Hours Ago

CNBC Pro: Alibaba, Baidu and more: Jefferies names Asian stocks with significant ‘hidden value’

Asian stock markets may have had a weak year, but excessive cash in the region’s companies is a hidden opportunity for investors, according to Jefferies.

“When a company hoards cash on its balance sheet, its PE valuations look lot more expensive than what it should be, without the excess cash,” the investment bank’s analysts wrote.

Jefferies screened for Asian companies with “significant ex-cash value and strong fundamentals,” and which it said make “good candidates” for buybacks and dividends.

CNBC Pro subscribers can read more here.

— Amala Balakrishner

8 Hours Ago

CNBC Pro: Morgan Stanley is bullish on this emerging AI trend — and names 6 stocks to play it

One part of artificial intelligence will have an increasing role to play, according to Morgan Stanley.

The trend can help save costs, reduce latency (or lag time), among other benefits, Morgan Stanley said.

It named six companies that are set to be key beneficiaries of this trend and likely to outperform in 2024 and 2025.

CNBC Pro subscribers can read more here.

— Weizhen Tan

4 Hours Ago

European markets: Here are the opening calls

European markets are expected to open in mixed territory Thursday.

The U.K.’s FTSE 100 index is expected to open 11 points higher at 7,467, Germany’s DAX down 13 points at 15,949, France’s CAC down 1 point at 7,261 and Italy’s FTSE MIB down 9 points at 29,178, according to data from IG.

Preliminary purchasing managers’ index data from the euro zone for November is due.

— Holly Ellyatt