An hour ago
Sergio Ermotti returns as UBS CEO to oversee Credit Suisse acquisition
CNBC’s Joumanna Bercetche and Geoff Cutmore discuss the news that Sergio Ermotti will replace current UBS CEO Ralph Hamers.
2 hours ago
Ermotti UBS CEO appointment will calm nerves and boost confidence in Swiss banks: Analyst
Pete Whitman, partner at Porta Advisors, discusses UBS’s appointment of Sergio Ermotti as CEO.
2 hours ago
European stocks opened higher
European stock markets were upbeat in early trade on Wednesday, with the pan-regional Stocks 600 index up 0.5% at 8:20 a.m. London time.
France’s CAC 40 rose 0.65%, Germany’s DAX 0.42% and the UK’s FTSE 100 rose 0.26%.
Banks extended the previous session’s gains, rising 0.5%.
Check out the chart…
Stoxx 600 Index.
4 hours ago
Sergio Ermotti to take over as UBS CEO
UBS on Wednesday appointed Sergio Ermotti as its new group CEO, following the recent acquisition deal of Credit Suisse.
The move will come into effect from April 5.
Current CEO Ralf Hamers will continue to work at UBS and Sergio B. will advise the bank during a transition period. He is going to work with Ermotti.
Read the full story here.
– Jonah Tan, Jihye Lee
5 hours ago
CNBC Pro: Investing $10,000 Now According to the Pro
Markets have been hit by volatility in the past month, with some retail investors questioning where to park their money.
If you have $10,000 to invest, where should you put it in the face of uncertainty and how much should you allocate to each asset class? CNBC Pro talks to portfolio managers and investors.
CNBC Pro subscribers can read more here.
– Weissen Don
9 hours ago
CNBC Pro: As volatility lingers, this is what investors can expect in the second quarter — according to history
Stock markets edged higher in the first quarter of 2023, with the S&P 500 and MSCI World Index on track to post a total gain of more than 4%.
This is especially significant after a year of negative returns.
Here, CNBC Pro subscribers can read how markets have historically performed at similar levels.
– Ganesh Rao
6 hours ago
European markets: Here are the opening calls
European markets are broadly headed higher on Wednesday.
UK’s FTSE 100 index is expected to drop 2 points to 7,485, Germany’s DAX is expected to rise 35 points to 15,175, France’s CAC is up 15 points to 7,103 and Italy’s FTSE MIB is expected to rise 57 points to 25,915.
Next up are earnings and data releases including Italian and Russian unemployment figures for February.
– Holly Elliott