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stocks, news, data and earnings

U.K. inflation picks up in October

A shopper browses fruit and vegetables for ***** at an indoor market in Sheffield, ***. The OECD recently predicted that the *** will experience the highest inflation among all advanced economies this year.

Bloomberg | Bloomberg | Getty Images

U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday.

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.3% for the month, up slightly from 3.2% in September.

Read more on the story here: *** inflation rises sharply to 2.3% in October, above expectations

— Karen Gilchrist

CNBC Pro: Burberry shares are down 40%. One hedge fund manager says the stock offers ‘good value’ right now

Is it time to buy the dip in luxury retailer Burberry’s shares?

The London-listed fashion house told investors earlier this month that it will refocus on heritage designs and statement pieces as part of sweeping revamp plans to revive its ailing fortunes.

Hedge fund manager David Neuhauser made the case on CNBC’s Squawk Box Europe this week.

CNBC Pro subscribers can read more here.

— Ganesh Rao

CNBC Pro: Three global stocks to own in 2025, according to Barclays

The

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for equity markets looks “decent” going into 2025, according to Barclays, as central banks cut interest rates and the global economy ******** resilient.

The bank named “overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis.

CNBC Pro subscribers can read more here.

— Amala Balakrishner

********* markets: Here are the opening calls

********* markets are expected to open higher Wednesday.

The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,106, Germany’s DAX up 46 points at 19,108, France’s CAC up 23 points at 7,252 and Italy’s FTSE MIB up 118 points at 33,567, according to data from IG.

Earnings are set to come from Severn Trent and British Land. Data releases include U.K. inflation figures.

— Holly Ellyatt

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