CNBC Pro: Is it time to buy gold? Wall Street pros step in as prices fall
Gold has come under pressure this year, with the dollar big gain weighing on gold prices.
Spot gold was trading down 1% at $1,676 an ounce on Monday, near a 2.5-year low. So is it time to buy? CNBC Pro asked several market watchers what they think.
Pro subscribers can learn more here.
CNBC Pro: Chinese tech stocks fall, but short sellers have another sector in sight
Chinese tech stocks are down 20% this year, but short sellers are targeting a different sector.
Some $742 million in new bearish bets were placed on a particular Chinese sector in the third quarter. That compares to a cut of about $150 million in shorts on the tech sector.
CNBC Pro subscribers can learn more here.
US Treasury yields climb, 30-years hit highest level since 2013
The yield on the 30-year US treasury bond climbed as high to 3.941%, reaching its highest level in nine years.
The Return over 10 years rose to 3.963% and the Return over 2 years slightly higher at 4.318%. Rates fell earlier this month but started to rise again after positive economic data in the United States led investors to increase their bets on further rate hikes by the Fed.
Bond yields move inversely to prices and one basis point equals 0.01%.
CNBC Pro: Wall Street bullish on some tech corners again as Citi gives stock a 115% upside
Some Wall Street banks have started making the case for new buying in tech, naming specific sectors they are bullish on.
Both Citi and Morgan Stanley said they had upgraded their technology to overweight.
CNBC Pro subscribers can learn more about the areas they research and the global stocks to buy.
European markets: here are the opening calls
European stocks head for a lower open on Tuesday as global growth concerns persist.
Britain’s FTSE index is expected to open down 38 points to 6,933, Germany’s DAX down 52 points to 12,235, France’s CAC 40 down 39 points to 5,813 and Italy’s FTSE MIB down 119 points. at 20,647, according to data from IG.
Markets in the region closed lower on Monday as volatility continued to rattle sentiment. Aside from concerns over central bank interest rate hikes and their impact on economic growth, European markets were also watching developments in Ukraine after multiple blasts hit the center of Ukraine’s capital, Kyiv.
Global markets are pricing in a key US inflation print on Thursday and the start of corporate earnings season.
LVMH releases its latest sales update on Tuesday and data releases include UK employment figures for August and Italian industrial production for August.