European stocks fell at the open as traders await the Federal Reserve meeting

US stocks open lower

US stocks opened lower on Monday as investors looked to The Federal Reserve will meet for two days this week.

The Dow Jones Industrial Average was down 0.8% in early morning trading. The S&P 500 and Nasdaq were down 0.9%.

Karen Gilchrist

Rheinmetall up 3.7%

German arms manufacturer Rheinmetall It rose 3.7% on Monday after news that it won an order for special vehicles for the German armed forces.

The German Army has contracted with Rheinmetall to procure a total of 48 fuel tank trucks for use at several airfields of the German Army and Air Force.

Karen Gilchrist

Porsche offers nearly 3%

Porsche shares rose nearly 3% in early trading Monday after German carmaker Volkswagen said it aims to value up to 75 billion euros for the luxury brand when it goes on the stock market.

Porsche was last seen trading 2.5% higher while Volkswagen was just above the flat line.

Karen Gilchrist

European markets open in the red

European markets opened well on Red Monday. Here’s where the stocks were after 15 minutes of trading:

French CAC is down 0.94%

German DAX down 0.58%

Italy’s FTSE MIB Index is down 0.92%

Spain’s IBEX down 0.4%

Katrina Bishop

Treasury yields are higher

Treasury yields rose early Monday.

return on 2 year treasury The bonds rose 1 basis point to trade at 3.8713% at 2:45 AM ET. This comes after last week’s yield surged above 3.9% – a level last seen in November 2007.

return on 10 years treasuryMeanwhile, it was less than a basis point higher at 3.4554%. Yields move opposite prices. One basis point is equivalent to 0.01%.

Read more here.

Katrina Bishop

European shares fell last week

The pan-European Stoxx 600 fell 2.89% last week:

UK stock markets closed as the country celebrated the death of Queen Elizabeth

In a statement issued last week, the London Stock Exchange Group said it was “deeply saddened by the passing of Her Majesty Queen Elizabeth II”.

It added, “The day of Her Majesty Queen Elizabeth II’s funeral, September 19, 2022, has been declared a bank holiday in the United Kingdom, and accordingly the London Stock Exchange (“the Stock Exchange”) will be closed on the stock exchanges.

Katrina Bishop

CNBC Pro: Buy these anti-inflation funds to protect your money, says the strategist

With inflation still rising, where can investors hide given that US stocks and bonds alike have been volatile?

There are three types of funds that look attractive at the moment, according to Mark Jolly, global strategist at CCB International Securities. He named his favorites in each category.

CNBC Pro subscribers can read more here.

– Weezin Tan

Oil prices rise as lifting of China’s Covid lockdown boosts demand outlook

Oil prices rose on Monday as the huge Chinese city of Chengdu emerged from a two-week lockdown.

Both benchmarks rose more than 1% earlier in the session, and Brent crude futures contracts It was up 0.66% at $91.95 a barrel. West Texas Intermediate US 0.56% profit at $85.59 per barrel.

Increasing demand expectations are offsetting fears that a possible rate hike later this week will increase recession risks.

– Lee Ying Shan

CNBC Pro: This ETF Has Risks — But It Outperforms When Volatility Rises

With volatility appearing in its head once again, investors looking for a short-term trade can choose this This is an ETF With a proven track record of outperforming in times of extreme market moves.

“This is potentially the potential for very quick and big gains when everyone in the market seems to be losing their shirts which I think is attractive about this fund,” said Daniel Martins, Senior Researcher and Portfolio Strategist at DM Martins Research.

However, despite the potential for high returns, the ETF carries a high level of risk, and it is not for every investor.

Professional subscribers can Read more here.

– Xavier Ong

Stocks could dip below 3,700 before the next rally, says Fundstrat . Newton

Mark Newton, Head of Technical Analysis at Fundstrat, said investors should not be tempted by a potential bounce in the coming days as the S&P 500 could dip below 3700 before a more significant rally breaks out.

“Triple Witching’s Friday close in September at multi-week lows is particularly negative for upside potential, and selling over the next two weeks is still likely to dip below 3,700 before the October relief rally begins,” he said.

The S&P 500 on Friday ended the week at 3,873.33.

He added, “While a 1-2 day rebound attempt cannot be ruled out given this week’s dip, I don’t expect much strength until prices hit support below 3700 in October.” “Tactically, ‘cash’ remains king and one must be patient until markets reach downside targets, start to show volume and supply variances, or give in to buying.”

– Tanaya Michel

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