Global Courant 2023-05-30 05:26:52
CNBC Pro: Parts of the market are getting pricey. But analysts love these 4 cheap stocks
The markets recovered this year despite the economic uncertainty in the United States.
Some parts of the markets are currently expensive, but analysts say some sectors are still cheap.
They list four stocks that are still cheap to buy, including one in technology.
CNBC Pro subscribers can read more here.
— Weizhen Tan
CNBC Pro: Nvidia and AI are hot – and BofA says these 3 global stocks are also worth the buzz
Nvidia’s revenue blockbuster has investors excited.
In a May 25 note, BofA said Nvidia’s “rosy outlook” when it comes to data centers and artificial intelligence has confirmed its positive view of the AI server hardware supply chain.
It named three global stocks to play the Nvidia and AI buzz.
CNBC Pro subscribers can read more here.
— Weizhen Tan
Biden, Congressional leaders are smoothing out the debt ceiling agreement for a vote this week
President Joe Biden and congressional leaders reached an initial deal over the weekend to avoid a U.S. bankruptcy, with the bill set to be put to a vote as early as this week.
House Majority Speaker Kevin McCarthy and Biden have been at odds over raising the debt ceiling for weeks, with the first signs of real progress appearing last week. Key provisions necessitating a compromise included keeping non-defense spending the same for the next two years and increasing work requirements for food stamps.
Still, the bill will need both Republican and Democratic support to get it to President Biden’s desk before the so-called “X date” on June 5, the first time the Treasury Department has signaled that the US could default. to stay.
— Brian Evans
Next week: Chinese PMI values; Meeting Bank of Thailand, GDP South Korea
China’s purchasing managers’ index for May alongside the Bank of Thailand meeting and reports on South Korea’s inflation and gross domestic product will be the focus this week.
Hong Kong trade data for April will be released on Monday after the region saw a 0.6% contraction in imports and a 1.5% contraction in exports in March.
Japan’s unemployment rate for April will be released on Tuesday, as will Australia’s building permits for the same month. Thailand’s industrial production for April will also be released.
China’s National Bureau of Statistics releases the purchasing managers’ index of the economy for May. Economists polled by Reuters expect the reading to remain below 50, separating contraction and growth at 49.4, following April’s reading of 49.2.
The Bank of Thailand will announce its rate decision on the same day.
South Korea’s industrial production for April is expected to fall further by 7.9% in April, according to economists polled by Reuters.
Retail sales for South Korea and Japan will also be released on the same day. India announces its gross domestic product for the third quarter of the year. South Korea will also publish the latest trade figures in addition to Australia’s retail sales.
Indonesian markets are closed on Thursdays and Fridays, while Singapore observes a market holiday on June 2. South Korea’s gross domestic product and the latest inflation figures will be released on Friday.
— Jihy Lee
