European markets cautious as investors assess Fed outlook

Shares of Informa climbed more than 6% in early trade to lead the Stoxx 600 after the British publishing company upgraded its 2022 guidance.

At the bottom of the Stoxx 600, Roche fell 4.7% after the Swiss pharmaceutical company’s Alzheimer’s drug candidate failed two long-awaited trials.

– Elliot Smith

This year’s bear market has wiped trillions of dollars in market cap off the stock market, but a few stocks have outperformed significantly during this period.

Bank of America identified three retail stocks that bucked the trend, and says one remains a buy.

Pro subscribers can read more here.

— Zavier Ong

Swiss bank UBS has forecasted a “sharp” disinflation in 2023.

It said weak growth alongside “mechanical” indicators, such as easing supply chain bottlenecks and rising goods inventories, would see prices fall next year.

The investment bank screened for stocks that would benefit from such an environment.

CNBC Pro subscribers can read more about their forecasts, and eight stocks we’ve highlighted from their list.

— Ganesh Rao

European markets are set to open in positive territory on Monday with global markets still seeing a boost from last week’s U.S. inflation figures, which showed prices had risen less than expected in October.

The U.K.’s FTSE index is expected to open 13 points higher at 7,338, Germany’s DAX up 45 points at 14,283, France’s CAC up 30 points at 6,627 and Italy’s FTSE MIB down 136 points at 24,459, according to data from IG.

Data releases include euro zone industrial production figures for September. There are no major earnings.

— Holly Ellyatt