Squawk Box Europe Express

Lift-off… Boeing flies the Dow Jones to a new record high. The planemaker posts its best day in five months on news that it will resume using its troubled 737 Max planes as soon as January. The unrest continues in Hong Kong with more violent scenes overnight. Protestors have converged on the financial district, bringing it to a standstill this morning. But trade news lifts sentiment, as multiple m...

Retail records…Chinese online giant Alibaba is set to smash last year’s Singles’ Day sales, already earning $23bn within the first nine hours of the event. We have the latest from Hangzhou. In energy news, Saudi Aramco has announced that it will sell 0.5 per cent of its shares to retail investors in its IPO but refuses to give a figure for the size of the eagerly anticipated listing, potentially t...

U.S. stocks hit fresh record highs as investors ditch bonds amid renewed trade deal hopes, but uncertainty over progress on a U.S.-China agreement sends Asian shares down from a six month peak. In China, there’s a sigh of relief from the tariff-hit economy as October imports/exports fall less than expected. But trade jitters overshadow a meeting of European finance ministers in Brussels, desp...

The global rally cools as CNBC learns the signing of the first phase of the trade deal between the U.S. and China may now be pushed back to December, with the terms and location still to be decided. The Bank of England is expected to keep rates on hold as the U.K. December election campaigns lurch into gear. Prime Minister Boris Johnson launches the Conservative offensive amid ministerial resignat...

New peaks… the Dow and the Nasdaq hit fresh record highs but the rally fades in Asia, with investors waiting on further developments in U.S.-China trade talks. We hear from Société Générale CEO Frédéric Oudéa who remains bullish about the French bank’s outlook despite missing Q3 profit expectations. In Japan, Softbank Group eyes its first quarterly loss in 1...

High Hopes…The Dow Jones, S&P 500 and the Nasdaq hit a fresh record high off the back of strong economic data and a renewed sense of hope surrounding the U.S.-China trade deal. The optimism is voiced by Chinese President Xi Jinping who calls for closer cooperation to solve global trade disputes at the opening of the China International Import Expo. There are also reports that Washington could...

The waiting is over. Saudi Aramco finally launches its highly anticipated IPO, with a domestic listing set for December, but offers little detail about what could become the world’s largest public listing. A stronger-than-expected October U.S. jobs report helps the S&P 500 and the Nasdaq to fresh record highs while Asian stocks rally on hopes that a trade deal between Washington and Beijing is...

Nothing scary about Halloween for stocks. Chinese manufacturing data surprises to the upside on the first day of the new month with market sentiment rising across the continent as a result. Over in the U.S., the S&P 500 and Nasdaq both end October by posting near-record highs – their strongest monthly gains since the start of the summer. The anchors break down the month-to-date winners and los...

The S&P 500 hits a new record high following the Federal Reserve’s decision to cuts rates for a third time this year. Chairman Jerome Powell says the current monetary policy stance is now likely to remain on hold but should the outlook change the central bank would be ready to respond. In China, manufacturing contracts for a sixth consecutive month and the cancellation of the APEC summit in Ch...

Big bank earnings and a mega merger in the auto sector set the tone. Swiss banking giant Credit Suisse more than doubles net profit in the third quarter thanks to strength in its wealth management business. But German rival Deutsche Bank suffers a different fate as restructuring costs weigh on results, leading the lender to post a steeper than expected loss in Q3. Emerging markets focused bank Sta...

Strong earnings and hopes of a U.S.-China trade deal drive the S&P 500 to a fresh record high, while investors bet on a third rate cut from the Fed later this week. In tech, Alphabet shares fall in extended trade after Google’s parent company misses Q3 profit estimates, as rising costs outpace a strong performance in ad sales. In the U.K., Prime Minister Boris Johnson loses his third attempt t...

Europe’s biggest bank HSBC warns of challenges ahead after reporting an 18 per cent plunge in third-quarter pre-tax profit. It missed expectations due to a weak performance in the European market but Chief Financial Officer Ewen Stevenson tells CNBC business in Asia is holding up despite the impact of the global trade disputes and unrest in Hong Kong. A 'mixed' picture for electroni...

Market cap wipeout…Amazon shares fall sharply in after-hours trading as the e-commerce giant misses Q3 expectations for the first time in two years due to one-day shipping costs. The tech conglomerate has also predicted a weaker-than-expected holiday season this year. It’s also a busy day for earnings from across the board in Europe. The world’s biggest brewer AB Inbev lowers its guidance, wa...

Farewell Frankfurt…ECB president Mario Draghi prepares his final press conference before stepping aside for Christine Lagarde amid a backdrop of negative rates and weakening data in the euro zone. We are live in Frankfurt to look at his legacy. In corporate news, Tesla shares soar more than 20 per cent following a surprise Q3 beat but Ford slides and cuts its full-year profit forecast, warning of...

Yes, but…U.K. lawmakers vote to approve Boris Johnson's Brexit deal, but reject a three-day timeframe to pass the bill, leaving it up to EU leaders to grant an extension to next week's October 31st deadline. We are live in Westminster and Brussels as both sides react to the latest stalemate. In China, plans are reportedly afoot to replace embattled Hong Kong CEO Carrie Lam following months of...

Brexit block… House of Commons Speaker John Bercow denies Prime Minister Boris Johnson a straight yes or no meaningful vote on the Brexit deal he secured last week, saying that debating the motion would be ‘disruptive’. MPs will today debate the Withdrawal Bill being published by the government. In corporate news, Swiss lender UBS beats Q3 expectations on the bottom line but CEO Sergio E...

Brexit Bedlam…sterling dips following U.K. MPs’ Saturday delay to a vote on the deal struck by Prime Minister Boris Johnson and Brussels last week. The EU has received a forced extension request from No.10 but Johnson remains steadfast and is preparing to table another vote to get the divorce agreement through Parliament and ensure the U.K. leaves the bloc by October 31st. Lebanon is paralyse...

Boris scores a Brexit breakthrough in Brussels. We host a special Brexit Endgame edition of Squawk Box, live from London, Brussels and Belfast. It is now up to Prime Minister Johnson to convince MPs to pass the agreement during an extraordinary parliamentary session scheduled tomorrow in order for EU leaders to officially ratify the deal by October 31st. However, he faces pushback from Northern Ir...

Down to the wire... The U.K. and EU press on with last-ditch talks to try and secure a Brexit deal to present to leaders in Brussels. However, Northern Ireland’s DUP dashes hopes saying it cannot back the current proposal. We are live in Brussels for the latest on this fast-moving story. In the U.S., retail sales slump for the first time in seven months, increasing economic jitters. But on the tra...

Burning the midnight oil – U.K. and EU negotiators hold talks in London and Brussels late into the night, appearing to edge closer to a last-minute withdrawal deal, but certain sticking points remain unresolved. In Hong Kong, vocal protests in the Legislative Council session itself force the territory’s Chief Executive Carrie Lam to deliver her policy address via video link. In Washington, the IMF...

Turkey gets sanctioned. The U.S. imposes immediate penalties on several Turkish ministers and slaps Ankara with a 50 per cent tariff on steel , demanding a halt to its military incursion into Kurdish-held northern Syria. We are live in Istanbul for the latest. U.S. stocks slip and oil prices extend losses as questions arise over the U.S.-China trade deal, despite U.S. Treasury Secretary...

Trade deal light – Asian stocks follow the U.S. into the green after a tentative truce is agreed between Washington and Beijing. President Trump hails the progress but critics suggest concessions have been made to China. Meanwhile, data reveals Chinese imports and exports fell more than expected in September. We are live from Westminster at the start of a crucial week for Brexit, after the UK and...

Trade deal optimism fuels a rally as high-level talks between the U.S. and China get underway and President Trump hails the progress ahead of a planned meeting with Chinese Vice-Premier Liu He later today. In the U.K., sterling jumps to a two-week high against the dollar after Irish Taoiseach Leo Varadkar said he saw a ‘pathway’ to a Brexit deal following positive talks with Prime Minister Bo...

Tit-for-tat becomes tittle-tattle… conflicting messages plague the progress of the U.S.-China trade talks, set to resume today. Asian equities and U.S. futures hold steady after sources tell CNBC that reports talks have collapsed are false. But the Federal Reserve’s September meeting minutes show that trade war concerns continued to weigh on the minds of board members when they voted to cut rates...

Restricted and blacklisted. Asian stocks dip following a sharp plunge on Wall Street after the U.S. administration slaps visa restrictions on Chinese officials for alleged human rights abuses of Xinjiang Uighurs ahead of trade talks tomorrow. The move comes one day after Washington blacklisted 20 Chinese entities, drawing a harsh response from Beijing, which has called on the U.S. to stop interfer...