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Unemployment in the euro zone remains at a historic low, despite the economic slowdown

Eurozone unemployment remained at a record high in November, despite slowing economic growth in the region.

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

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

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

—Hannah Ward-Glenton

Lidl GB sales up 25% over Christmas; the store expects its customer base to continue to grow

The British subsidiary of German discount supermarket Lidl has announced that its sales have increased by 24.5% in the four weeks to Christmas Day compared to 2021.

More than 1.3 million more customers shopped at Lidl in the week to December 24 compared with a year earlier, the discounter said.

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

—Hannah Ward-Glenton

Alibaba leads Hang Seng Index gains as reopening-related stocks take center stage

CNBC Pro: Goldman Sachs Reveals Which Stocks Should Benefit From An EV Boom, Giving More Than 100% Upside

According to Goldman Sachs, stocks of older automakers and parts makers will attract new investors as they transition to electric vehicles and green technologies.

As traditional automakers increase their revenue share with new carbon-neutral technologies, they are likely to be gradually included in ESG funds and benefit from an increase in share price, the bank said. Wall Street.

The investment bank named 13 stocks that will benefit from the new trend, including one with more than 100% upside:

CNBC Pro subscribers can learn more here.

—Ganesh Rao

CNBC Pro: Evercore’s Mark Mahaney reveals his top tech picks for 2023 – and gives one nearly 200%

Leading analyst Mark Mahaney has a positive view on tech stocks after a brutal year for the sector in 2022.

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

Pro subscribers can learn more here.

— Zavier Ong

CNBC Pro: Bank of America just added these biotech stocks to its Q1 pick list

BofA 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 identified biotech stocks, as well as some medical technology companies, as part of its thematic investment picks, on themes it says relate to a “changing world.”

CNBC Pro subscribers can learn more here.

—Weizhen Tan

European markets: here are the opening calls

European markets are heading for a positive open at the start of the new trading week.

The United Kingdom FTSE100 the index is expected to open 24 points higher at 7,723, Germany DAX 79 points more at 14,689, France CAC up 32 points to 6,893 and Italy MIB FTSE up 91 points to 24,271, according to IG data.

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

—Holly Ellyatt

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