European markets rebound after BoE intervention to calm markets

CNBC Pro: Analyst Says This FAANG Stock Is An Evergreen Gainer ā€” And Investors Should Buy The Dip Tech stocks have had a tough year so far, but an analyst at Rosenblatt Securities thinks the selloff is an opportunity for long-term investors to buy the dip. “Stay away from losers,” he said, recommending “winners in … Read more

European markets open at close, results, data and news

Bank of England right to halt rate hikes as pound tumbles, says chief investment officer The UK central bank is unlikely to rush to raise interest rates, according to Julian Howard, chief investment officer of multi-asset solutions at GAM Investments, despite the pound falling. “I don’t think it’s the Bank of England’s job to support … Read more

Dow Jones drops 100 points as falling pound adds to market woes

The Dow Jones Industrial Average fell on Monday as investors worried that soaring interest rates and foreign currency turmoil could push the S&P 500 to a new closing low for the year. The Dow fell 120 points, or 0.4%. The S&P 500 fell 0.2% and the Nasdaq Composite rose 0.4%. Consumer discretionary provided support for … Read more