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Traders work on the floor at the New York Stock Exchange.Brendan Mcdermid | ReutersThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayCooler-than-expected inflationThe personal consumption expenditures price index for August rose 0.1% for the month. Year over year, prices rose 2.2%, lower than the Dow Jones survey consensus of 2.3% and July’s 2.5%. Core PCE, which excludes food and energy prices, increased 0.1% in August and…

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A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024.Cfoto | Future Publishing | Getty ImagesChina stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market.The Shanghai Composite rallied 8.06% in its best day since September 2008, and capping a nine-day win streak for the index. It ended September up 17.39%, its first monthly gain in five and its best monthly performance going back to April 2015.The Shenzhen Composite Index closed up 10.9%, its best…

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As a new month looms, Wall Street expects its favorite stocks to outperform — no matter what October might bring. September has historically been the worst month of the year for stocks, according to the Stock Trader’s Almanac . The equity market started the month on a downbeat, but a supersized interest-rate cut from the Federal Reserve righted the ship. All three major averages are currently on pace to finish September higher than where they started. But as October looms, some investors believe that the latest moves to historic highs might not be built to last . Janney Montgomery Scott’s…

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CNBC is now accepting nominations for our second annual Changemakers list.The list recognizes women transforming business and philanthropy, female leaders who have accomplished a meaningful achievement in 2024. The goal of our list is to highlight trailblazing women who have defied the odds — about 10% of Fortune 500 CEOs are women, and female founders draw less than 2% of venture capital dollars. Changemakers, like the 50 women who were featured on CNBC’s inaugural list revealed last February, are taking novel approaches to old business problems and identifying new business opportunities.Women who are leaders at companies and organizations (including philanthropies)…

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Bitcoin.Nurphoto | Getty ImagesBitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month.The flagship cryptocurrency was last lower by 3.5% at $63,612.63, after briefly reclaiming the $65,000 level last week, according to Coin Metrics. Crypto stocks such as Coinbase fell 3% in premarket trading and MicroStrategy slid 5%.Investors are bracing for strikes at ports up and down the East Coast and along the Gulf Coast after midnight Monday, which could shake the economy ahead of the holiday season.Stock Chart IconStock chart iconBitcoin is set…

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Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via ReutersIran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah and on Friday killed its long-time leader, Hassan Nasrallah in a series of airstrikes on Beirut.Hezbollah is Iran’s most important strategic ally, operating as both a militant and political organization that Tehran has funded and nurtured since its inception in 1982 to become what is widely seen…

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China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day.Adek Berry | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s reunification aims with Taiwan.He was speaking at a reception commemorating the 75th anniversary of the People’s Republic of China, which was founded on Oct.1, 1949.”The path ahead will definitely see challenges,” Xi said, before calling on the country to overcome uncertainties and risks. “No challenges can stop…

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U.S. crude oil prices are on pace for a third monthly loss in a row in September as rising supplies from OPEC+ and weak demand in China haunt the market.The U.S. benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%.”Oil markets are experiencing a panic attack,” Amarpreet Singh, energy analyst at Barclays, told clients in a Friday note. “Balances are set to loosen next year, but concerns are likely overdone.”Barclays expects Brent to average $85 in 2025.Here are Monday’s energy prices:West Texas Intermediate November contract: $68.23, up 5 cents, or 0.07%. Year to…

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Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesThe harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday.The September harmonized CPI figure had been forecast to come in at 1.9% according to a Reuters poll. In August, the harmonized CPI had surprisingly eased to 2%.On a monthly basis, the preliminary harmonized CPI dipped by 0.1%. A Reuters poll showed that the monthly reading was expected to be unchanged.The German harmonized CPI figure was last under…

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Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.’s stake in Nio China to 88.3%, down from 92.1%. Stellantis – Shares plunged more than 13% after the automaker trimmed its full-year outlook, citing a deteriorating “global…

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