Posted 10/5/2023, 7:08:00 AM
European Stocks Rise as Yields Fall; Alstom Sinks on Profit Warning; Fund Manager Warns of U.S. Debt Crisis
- European stocks open higher as U.S. Treasury yields retreat following weaker jobs data. Stoxx 600 up 0.3%.
- Alstom shares suspended, set to plunge 35% after profit warning and negative free cash flow.
- Bearish fund manager warns of major U.S. debt crisis due to high deficits. Names assets and stocks to hedge risks.
- Goldman reveals new "conviction list" of top European stock picks with high upside.
- Veteran investor says energy companies are attractive, names stock he likes amid commodity cycle.