Stocks, data, news and earnings

The Swiss National Bank reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 fiscal year, citing preliminary figures.

As a result, the company will not make its usual payments to the Swiss government and member states, it said, with payments to its shareholders affected.

Of the losses, 131 billion francs came from foreign currency positions and 1 billion francs from them Swiss Franc positions

Carsten Junius, chief economist at Swiss bank J. Safra Saracen, told CNBC that the central bank’s losses will not change its monetary policy, and he expects another 100 basis points to rise, to 2% this year.

Read the full story here.

The three major indices traded at the market open as investors tried to build on Friday’s rally.

The Dow Jones added 0.4% at 9:30 am Standard & Poor’s 500 And NASDAQ Composite advancing 0.5% and 0.9%, respectively.

– Alex Haring

Unemployment across the eurozone remained at a record low in November, despite slowing economic growth across the region.

Unemployment held steady at 6.5% in November, unchanged from October, according to data from Eurostat, totaling 10.97 million people.

The number is the lowest since records began in 1998, and is in line with forecasts by economists published by The Wall Street Journal.

Unemployment is expected to rise in the first half of 2023 as recessionary pressures increase, and is likely to reach 7% by the middle of the year, according to FactSet, as reported by Reuters.

– Hannah Ward Glinton

German supermarket arm Lidl in the UK reported that sales were up 24.5% in the four weeks leading up to Christmas Day compared to 2021.

More than 1.3 million customers shopped at Lidl in the week ending Dec. 24 compared to the previous year, the discounter said.

The store said it expects more customers to switch from other supermarket groups in 2023 as consumers continue to feel the effects of the cost-of-living crisis.

– Hannah Ward Glinton

Stocks in legacy automakers and parts manufacturers will attract new investors as they move toward electric vehicles and green technologies, according to Goldman Sachs.

The Wall Street bank said that as traditional auto companies increase their share of income from new carbon-neutral technologies, they are likely to be gradually included in ESG funds and benefit from the share price increase.

The investment bank named 13 stocks that will benefit from the new trend, including one that gives a 100% increase:

CNBC Pro subscribers can read more here.

– Ganesh Rao

Chief Technology Analyst Mark Mahaney has a positive outlook for technology stocks after a rough year for the sector in 2022.

But investors should remain selective, according to the analyst, who revealed three top picks for 2023.

Professional subscribers can Read more here.

– Xavier Ong

Bank of America added a number of biotech stocks – a hot sector on Wall Street at the moment – to its list of top picks for the first quarter.

The bank has selected biotech stocks, as well as some medical technology companies, as part of its thematic investment picks, around topics it says are related to a “transforming world.”

CNBC Pro subscribers can read more here.

– Wizen tan

European markets are heading towards a positive opening at the start of the new trading week.

United kingdom FTSE 100 index The index is expected to open up 24 points at 7723, the German Dax 79 points higher at 14,689 France kk Up 32 points at 6893 and Italy FTSE MIB It was up 91 points at 24,271, according to IG data.

Data released on Thursday includes the Eurozone unemployment rate for November, French trade data for November and German industrial production for the same month.

– Holly Ellytt