Squawk Box Europe Express

The PBOC’s rate cuts come into effect with trillions of yuan worth of further stimulus measures potentially due next week. Beijing’s stimulus blitz causes Chinese equities to soar with markets on track to notching their best week since 2008. Commerzbank and Unicredit sit down for negotiations for the first time since the Italian lender aggressively increased its stake. Commerzbank shares are at th...

Micron shares are up after the memory chip maker smashes Q1 revenue forecasts. Its bumper outlook pushes tech stocks up in Asia, helping along a regional rebound. Spanish lender BBVA’s head says European banks risk falling behind their U.S. peers if governments block M&A activity. We speak to the BNP Paribas CFO Lars Machenil who urges consolidation among Continental banks. We also hear from O...

Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy’s Unicredit. Chinese equities see an extended rally following the PBOC’s decision to slash the medium-term lending rate as a part of a string of stimulus measures by the central bank. The move boosts the yuan to a 16-month high. On Wall Street, the Dow and S&P 500 record new record highs, shrug...

Asian equities hit a two-and-a-half-year high following stimulus measures from Beijing. The PBOC cuts the seven-day reverse repo and the RRR in a bid to shore of up the country’s floundering property sector. Our CNBC TV 18 colleagues sit down with JP Morgan Chase CEO Jamie Dimon who says markets should remain cautious despite last week’s historical rate cut by the Fed. On Wall Street, the Dow...

China surprises by slashing its key short-term repo rate and announcing a rare economic press conference which triggers speculation of further stimulus measures from Beijing. In France a new government drawn together by Prime Minister Michel Barnier is under threat from a vote of no confidence over his ministerial choices. Apollo Global Management is reportedly eyeing a $5bn investment in Intel wh...

Wall Street notches its best day in six weeks with tech stocks leading the way as the markets celebrate this week’s 50bps Fed rate cut. In China the PBOC bucks expectations of a further rate cut and the BoJ stays put as well while hiking its forecast on domestic consumption. Mercedes slashes its profit outlook once again as Chinese sales fall. And in France, new prime minister Michel Barnier puts...

The Federal Reserve announces its eagerly awaited first rate cut of 50 basis points since the outset of the Covid pandemic with policy makers predicting one further cut this year. The market reaction was mixed with Wall Street closing lower, despite the Dow and S&P 500 initially scaling fresh all-time highs. Equities in Asia saw strong gains following the news from the Fed. Our colleagues in A...

In anticipation of the Fed’s milestone meeting, the S&P 500 hits a new record with retail data indicating the U.S. consumer and economy are more resilient than expected. DoubleLine Capital chief Jeffrey Gundlach tells CNBC’s Scott Wapner at the Future Proof wealth management festival he is calling for a 50bps cut. Hezbollah points the finger at Israel after thousands of its pagers explode acro...

The greenback falls and the Dow hits a record high with investors increasingly betting on a 50bps interest rate cut from the Fed later this week. In Japan, the Nikkei is in the red as the yen strengthens past ¥140 /USD, while a CNBC survey shows a split over the timing of the BoJ’s next rate hike. Struggling chip maker Intel sees shares soar in after-hours trading following its announcement about...

Chinese data indicates a slowdown in industrial activity and property prices with pressure now increasing on Beijing authorities to increase spending and stimulate demand. The S&P 500 and Nasdaq notch their best week so far this year with bets rising that the Federal Reserve could slash rates by 50bps later this week. We speak to RBI governor Shaktikanta Das who says India can maintain it...

The S&P 500 sees a 4-day win streak after wholesale prices come out in line with expectations, shaking off a tough start to September. No surprise as the ECB delivers its second rate reduction this year, but flags slowing growth as trades pare back bets on an October cut. Donald Trump rules out the possibility of another presidential debate, as the Harris campaign says it has raised almost $50...

Asian chipmakers climb higher following a tech-led rebound on Wall Street, as Nvidia CEO Jensen Huang attempts to reassure investors over its delayed Blackwell chip production. U.S. inflation falls in August while core CPI surprises to the upside, with Goldman Sachs CEO David Solomon telling CNBC exclusively that he still believes in a soft-landing. OpenAi is reportedly in talks over a fresh fundr...

Kamala Harris and Donald Trump face off in the first and possibly last presidential debate, clashing over immigration, abortion, and the economy. Big bank shares take a bruising after JP Morgan claims its earnings expectations are too optimistic, with CEO Jamie Dimon warning of stagflation risks. Today’s U.S. inflation print has investors searching for clues on the Fed’s next move, with Bank of Am...

Apple’s new iPhone 16 launch fails to send stocks higher, as investors and customers must wait for full AI features. Meanwhile, rival Huawei secures more than 3 million pre-orders for its new tri-fold phone. U.S. equities rebound from its worst week of the year, as soft-landing hopes boosts the S&P 500 to its biggest daily jump in three weeks. Also in China, export data exceeds forecasts, whil...

The S&P 500 posts its worst week since 2023, as traders reprice their Fed cut predictions following a mixed jobs report. Dutch far-right politician Geert Wilders tells CNBC that “Europe is a monster”, as his party tries to navigate its future relationship with the EU. Asian equities reel from soft landing jitters as Chinese consumer inflation numbers come weaker than expected. In France, more...

U.S. employment data sends mixed signals as global equities tread water ahead of a crucial nonfarm jobs report. Markets are split between a 25 and 50 basis point cut at the Fed’s next meeting - Nobel Laureate Joseph Stiglitz tells CNBC that he is voting bigger. OPEC-plus producers delay plans to ramp up oil production by at least two months, as crude prices slump to their lowest level this year. E...

The S&P 500 notches back-to-back sessions in the red while mega-cap tech stocks claw back recent losses in what has been a volatile start to September on Wall Street. Qualcomm launches a new AI PC processor, challenging Intel and AMD. CEO Cristiano Amon tells CNBC the X Elite series is a threat to incumbents in the sector. Iconic UK fashion house Burberry is relegated out of the FTSE 100 after...

Chip giant Nvidia sees shares tumble by almost 10 per cent, wiping out close to $300bn of its market cap – the largest single-day fall in value of any American company on record. As a result, Wall Street notches its worst day since the tech rout seen in early August. The sell-off spreads across to Asia where Japan’s Nikkei leads losses. Semi-conductor firms TSMC, SoftBank, Samsung and SK Hynix are...

Volkswagen is considering factory closures and job cuts throughout Germany for the first time ever in the face of fierce competition from Asian rivals. Brazil’s supreme court backs a ban on social media platform X and the country’s telecoms regulator considers sanctions against Elon Musk’s satellite internet provider Starlink as a row over free speech deepens. President Joe Biden has accused Israe...

We are live in Dresden, Germany where the AfD has claimed victory in the state of Thuringia and placed a close second behind the CDU in Saxony. Chinese manufacturing data shows the steepest decline in factory growth in six months, pushing Chinese equities into the red. In Israel, tens of thousands take to the streets to protest the lack of a ceasefire deal in Gaza, following the murder of six Isra...

Disappointment over Nvidia’s profits slashes the chip titan’s market cap by more than $200bn but the Dow continues in the green to post its 25th record session of the year. U.S. GDP and jobless numbers come in better than expected to ease market jitters and help reinforce hopes of a rate cut next month. U.S. Vice President Kamala Harris gives her first interview since securing the Democratic Party...

Nvidia shares fall in extended trade despite the A.I. chip giant posting a quarterly beat. Other Wall Street and Asian chip makers have been affected after hours but Nvidia CEO Jensen Huang remains bullish. CNBC learns that artificial intelligence start-up in talks for a new round of funding that could see it valued at more than $100bn. And Warren Buffet’s Berkshire Hathaway becomes the first comp...

The Dow notches its 24th record high so far this year with Wall Street in the green ahead of highly anticipated earnings from chip titan Nvidia later today. Bio-solutions company Novonesis hikes its FY guidance following a 10 per cent sales increase in the second quarter. GOP presidential candidate Donald Trump faces a fresh indictment from the Special Counsel over attempts to overturn the 2020 el...

The Dow hits a fresh record high, splitting from the Nasdaq and S&P 500 which both plunge into the red on weakness in chip production. CNBC hears from former Dallas Fed President Robert Kaplan who says he is expecting a 25 basis point cut from the central bank. Industrial profits in China grow at the fastest pace in 5 months, driven by the high-tech manufacturing sectors. Miner BHP beats earni...

Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 basis point move. However Bank of England Governor Andrew Bailey and ECB Chief Economist Philip Lane are more cautious on the outlook. U.S. Vice President Kamala Harris’ presidential campaign says it ha...