Squawk Box Europe Express

Shoppers flock online helping Black Friday sales hit a record $7.4 bn in the second largest U.S. internet shopping day ever, with Adobe predicting an even bigger Cyber Monday. China's factory activity grows at its fastest pace in nearly three years in November sending Asian stocks higher, while state media says Beijing wants all existing tariffs scrapped as part of a phase-one trade deal. And a su...

A peaceful night in Hong Kong as thousands of protesters stage a ‘Thanksgiving Rally’ to thank the U.S. for its support, but the Hang Seng slumps as the city prepares for fresh weekend unrest. Trade deal doubts continue with Chinese stocks set to close out the month in correction territory, but major U.S. indices are on track to log their best month since June. Fitch warns the euro zone...

The Hong Kong issue leaves a sour taste on Thanksgiving Day. China summons the U.S. ambassador after President Trump signs legislation backing pro-democracy protesters in Hong Kong. The bill is set to test relations between Washington and Beijing as both sides race to complete a phase one trade deal, and weighs on markets in Asia. Deere & Co blames the tensions for its latest profit warning, s...

China's industrial profits drop the most in 8 months as the U.S.-China trade war takes its toll, while President Donald Trump says a phase one deal is near. Strong results from Best Buy help drive U.S. stocks to fresh records, while discount retailer Dollar Tree blames tariffs for a cut to its outlook. And in an exclusive interview with CNBC, Dallas Fed President Robert Kaplan says if the U.S. wan...

A strong start for Alibaba in its Hong Kong debut. Shares surge in the first day of trade, delivering a vote of business confidence to the protest-stricken Chinese territory. We’re live at the Hong Kong stock exchange with all of the details. U.S. stocks hit fresh record highs as investors hang on to any signs of progress towards a U.S. China trade deal, while top officials discuss...

Merger Monday! Louis Vuitton owner LVMH gets the little blue box, agreeing a deal to buy Tiffany and Co for $16.3 bn dollars. Meanwhile, Novartis inks a $9.7 bn deal to acquire U.S. biotech firm The Medicines Company in an agreement that will expand the Swiss drugmaker's portfolio of heart treatments. In political news, Hong Kong anti-government candidates claim victory in local elections, as vote...

The Dow logs its longest losing streak since August, while stocks across Asia sit in mixed territory amid U.S.-China trade deal doubts. Fighting words from Chinese President Xi Jinping, who says he won't "flinch" from a trade war fight, adding that a 'phase one' deal must be based on respect and equality. The Hong Kong campus siege drags into a sixth day, as the Chinese-controlled city prepares to...

Deal delay? Asian equities sink and the S&P posts its worst day in a month following reports that a ‘phase one’ trade agreement between Washington and Beijing may not be agreed before Christmas. However, during a tour of an Apple factory in Texas, President Trump hints that the tech giant could receive an exemption on tariffs for Chinese imports. We are live in Paris at the Women’s Forum Globa...

U.S. President Donald Trump threatens to increase tariffs on China sending Asian stocks lower if there is no 'phase one' agreement on a trade deal. The U.S. Senate passes a bill in support of Hong Kong protesters, eliciting swift criticism from China. Beijing calls it a blatant interference in internal affairs and vows to retaliate, also weighing on market sentiment. U.S. retail stocks take i...

Under siege… Hong Kong tensions run high as anti-government protestors remain barricaded inside the city’s Polytechnic University for the past three days. Martin Soong reports from the site as the territory’s CEO Carrie Lam urges a peaceful solution to the crisis. U.S. stocks rise to fresh record highs but are tempered, as CNBC learns that Chinese officials are pessimistic about the prospect...

A positive start to the week in Asia. Equities move higher as China cuts a key liquidity rate for the first time in more than four years and touts progress in the U.S. trade talks. Washington reportedly prepares to grant Huawei a license extension, but the chairman, Liang Hua, taking the stage at CNBC’s East Tech West conference in Nansha, says any decision will have a limited impact. Elsewhere,&n...

On trade tenterhooks… Asian equities are mixed, looking for clues on trade negotiations, as White House economic adviser Larry Kudlow strikes a positive tone and China’s ambassador to the U.K. tells CNBC exclusively that Beijing wants to get a deal done. Speaking before the House Finance Committee, Federal Reserve chairman Jerome Powell says the U.S. economy is stellar and there is no reason it sh...

Stalemate snag…trade talks between the U.S. and China hit an impasse with Beijing missing industrial output and retail sales expectations in October. In the U.S., Federal Reserve chairman Jerome Powell dismisses President Trump’s call for negative rates, telling Congress that the move would be ‘inappropriate’ for the robust American economy. Media giant Disney’s shares soar, contributing to three-...

No trade transparency! U.S. President Donald Trump leaves markets on edge as he threatens to ‘substantially’ raise tariffs on China if a deal can’t be reached, but suggests that an agreement is imminent. In a speech at the Economic Club of New York, Trump also criticises Federal Reserve chairman Jerome Powell for not following other central banks into negative rates, ahead of Powell’s testimo...

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...