CNBC Pro screened for stocks with most revenue exposure to China and found that some companies derive more than half of their sales from the country.
Several signals from China this week suggest that European companies with close ties to the world's second-largest economy may face difficulties in the coming months. China's central bank, in a surprise move, cut interest rates on Tuesday as it attempts to buoy a stuttering economy. Wall Street bank JPMorgan also raised its expectations for higher default rates in the broader emerging markets, primarily due to rising contagion fears in China's depressed property sector.
Pro's analysis of sales data found that companies in the mining and autos sector, luxury goods, and semiconductor and high-tech manufacturing are the most exposed to China. The table below shows the top 20 companies in the Stoxx Europe 600 index, with the most significant revenue share directly dependent on China. Mining London-listed mining giants Rio Tinto and Anglo American had some of the biggest revenue exposure to China as a percentage of their total sales.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets set to open higher as investors weigh China dataEuropean markets are expected to open higher as investors assess the impact of the latest data out of China.
Read more »
China appears to be building an airstrip on a disputed South China Sea islandChina appears to be constructing an airstrip on a disputed South China Sea island that is also claimed by Vietnam and Taiwan, according to satellite photos analyzed by The Associated Press.
Read more »
CNBC Daily Open: Tech is backTechnology stocks and chipmakers helped major U.S. indexes regain their footing after ending last week in the red.
Read more »
CNBC Daily Open: There is an alternativeTechnology stocks and chipmakers helped major U.S. indexes regain their footing after ending last week in the red. Bonds, too, seem to be making a comeback.
Read more »
Coinbase gets approval to offer crypto futures to U.S. retail investors: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Circle's Chief Strategy Officer Dante Disparte discusses recent regulatory advancements for digital assets in the U.S. and what he thinks will happen next.
Read more »
Luxury American Company Tapestry to Acquire Capri Holdings in a Bid to Rival European Luxury Conglomerates.The US 8.5 Billion dollar deal is a strategic move by Tapestry to create a 'new powerful global luxury house'.
Read more »