European stocks mixed as global markets rally; UniCredit falls 4% after making offer for Banco BPM

European stocks mixed as global markets rally; UniCredit falls 4% after making offer for Banco BPM

Stoxx 600 hovers around the flatline after starting the day in positive territory

The pan-European

European markets: Here are the opening calls

European markets are expected to open higher Monday.

The U.K.’s FTSE 100 index is expected to open 22 points higher at 8,290, Germany’s DAX up 127 points at 19,435, France’s CAC up 55 points at 7,305 and Italy’s FTSE MIB up 275 points at 33,912, according to data from IG.

Data releases include the Ifo business climate index in Germany. There are no major earnings releases.

— Holly Ellyatt

China’s central bank keeps medium-term loan rate unchanged amid yuan weakness

China on Monday kept its medium-term lending rate steady, as the country’s central bank seeks to stabilize the yuan which has come under pressure following Donald Trump’s victory in the U.S. presidential election.

The People’s Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank’s official statement.

“It is a well-expected move, given that the market liquidity [has] remained ample,” said Bruce Pang, chief economist and head of Research, Greater China at JLL, citing PBOC’s move in October that injected 500 billion yuan into the banking system.

Read the full story here.

— Anniek Bao

CNBC Pro: How to invest $500,000 for the year ahead, according to 2 wealth managers

As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors.

CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio.

One of them also suggested how investors could capitalize on President-elect Donald Trump’s policies.

CNBC Pro subscribers can read more here.

— Ganesh Rao

CNBC Pro: Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside

The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside.

The Wall Street bank identified its top overweight-rated stocks with over $2 billion in market cap and a revenue or capital expenditure exposure to sustainability themes.

Among its list of top stocks to buy are two renewable energy companies with over 60% upside potential.

CNBC Pro subscribers can read more here.

— Amala Balakrishner

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