European markets close lower after Fed officials hint at further rate hikes; Embracer Group up 13%

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European markets close lower after Fed officials hint at further rate hikes; Embracer Group up 13%
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European markets retreated after the U.S. Federal Reserve's July meeting minutes showed further interest rate hikes were not off the table.

CNBC Pro: Bank of America names top out-of-consensus global stocks to buy. Here are 12 of themThe bank ranked stocks based on "beat factor" — its analysts' most out-of-consensus stock ideas based on price objectives and earnings estimates — in its Aug. 11 research note. All names are from the FTSE Eurofirst 300 index.

CNBC Pro's analysis of sales data found that companies in the mining, auto sector, luxury goods, and semiconductor and high-tech manufacturing are most exposed to China.CNBC Pro: Ark Invest says it's not A.I. hardware it's focused on, it's software — and names 2 stocks Ark Invest's Renato Leggi says the firm wants to invest in software names related to artificial intelligence.

While investors have been very much focused on Nvidia, which makes advanced graphics processing units used for AI processes, Ark Invest wants to "focus on that piece that no one's really paying attention to," said Leggi, client portfolio manager at the firm.

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