Stocks on the move: Euronav down 20%, Games Workshop down 5%
Euronav shares fell more than 20% in early trade after Norwegian rival Frontline pulled out of a potential $4.2 billion merger with the Belgian oil shipping company.
British wargame maker Games Workshop fell 5.6% after its half-year earnings report.
-Elliot Smith
CNBC Pro: Platinum prices soar. These Buy-rated stocks with upside potential could be an opportunity to make money
Consumers see inflation and falling spending next year, according to the New York Fed Survey
CNBC Pro: China’s reopening has Wall Street upset. That’s how the pros play it
Beijing’s sudden and rapid dismantling of its strict Covid-19 controls after nearly three years has raised hopes that its struggling economy could follow a similarly fast pace of recovery.
From hotels and airlines to “less obvious beneficiaries,” Wall Street analysts are calling their best Chinese and global stocks to gamble on reopening.
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– Zavier Ong
European Markets: Here are the opening calls
European markets are heading for a lower open as investors brace for more inflation data later this week, with US December consumer price data due on Thursday.
According to data from IG, the UK FTSE 100 index is expected to open 49 points lower at 7,676, Germany’s DAX 95 points lower at 14,698, France’s CAC down 52 points at 6,855 and Italy’s FTSE MIB down 204 points at 25,181.
Tuesday’s data release includes Dutch inflation figures for December and UK British Retail Consortium retail sales figures for December. Airbus will announce its annual commercial aircraft orders and deliveries.
— Holly Ellyatt