Squawk Box Europe Express

Wall Street gears up for more volatility after U.S. stocks close in the green but log their third negative week in a row, while the Trump administration seeks to calm recession fears, with top economic adviser Larry Kudlow saying he doesn’t see a major downturn on the horizon. In China, stocks surge following the PBOC’s announcement of business interest rate reforms. Investors also bet on fis...

The Dow Jones bounces back after its worst day of 2019 as Washington and Beijing soften their rhetoric in the trade war. Asian equities see green as fresh data shows that Japan has overtaken China in holding U.S. Treasuries. In Europe, euro zone bond yields sink to new lows after ECB board member Olli Rehn says the central bank is preparing a stimulus package for September. And the founder of the...

The Dow suffers its worst day of the year, plunging 800 point in its fourth worst point drop in history. Investors are spooked after the US 2-10 yield curve inverts, sparking concerns a recession is on the way. President Trump takes aim at Jerome Powell, slamming the Fed for growing fears of a US slowdown, while the 30-year treasury yield falls to a new record low. Furthermore, the US President li...

The Trump administration seems to be the first to blink in the trade war, delaying tariffs against key Chinese imports including laptops, cellphones and clothing. The move sends Asian equities into the green after a rally on Wall Street, led by Apple shares which jumped 4 percent in its best day since May. In Hong Kong, the city’s airport re-opens despite another night of protests and more clashes...

In a volatile day for U.S. markets, the Dow drops nearly 400 points to close below 26,000. Global bond yields resume their decline sending a warning signal to investors of a possible recession. In Asia, the Hang Seng leads losses as Hong Kong protests add to the turmoil. Chief Executive Carrie Lam warns the city is on a path of no return as airport demonstrations extend into a fifth day...

After a rocky week for Wall Street, Asian equities start the week cautiously higher as Goldman Sachs warns the trade war is raising the prospect of a U.S. recession. Meanwhile, China sets its yuan fix at weaker than 7 for the third straight day. In Italy, deputy Prime Minister Matteo Salvini denies reports he wants to withdraw the country from the euro area as he intensifies his call for a snap el...

The U.S. market recovery continues with stocks jumping and bond yields rebounding, as the S&P 500 sits in positive territory at the end of a choppy week of trade. The picture is far more mixed in Asia with Chinese food inflation rising and the PBOC setting a higher-than-expected yuan mid-point, despite its record low level. In Italy, the government is teetering on the edge as Matteo Salvi...

Another day of wild market gyrations. Better-than-expected Chinese trade numbers drive Asian markets higher despite a drop in U.S. imports. China's central bank sets the yuan mid-point weaker than the key 7-per-dollar level for the first time since 2008. Over on Wall Street the Dow plunges by almost 600 points before clawing back most of the losses while the S&P 500 posts its biggest come...

Wall Street recovers. The Dow jumps 300 points, rebounding from U.S. stocks’ worst day of 2019. The picture in Asia, however, is more mixed with China setting the yuan fix at a weaker-than-expected level. President Trump’s team has played down concerns over an entrenched trade war, with National Economic Council director Larry Kudlow telling CNBC he would like to continue negotiations. The New Zea...

Markets in turmoil. Squawk Box anchors dissect all the dramatic action across asset classes. Wall Street logs its worst day of 2019 with the Dow plunging more than 750 points, as Washington labels Beijing a currency manipulator. Apple bears the brunt of the sell-off, having the most negative impact on the major indices. Asian equities remain very much in the red following the Chinese government’s...

Asian stock markets plummet to six-month lows following the S&P 500’s worst week of the year. The latest trade tensions between the U.S. and China prompt investors to opt for safe havens. The yuan slides to its lowest level in more than a decade falling past 7 per dollar, with the Chinese central bank blaming ‘trade protectionist’ and ‘unilateral’ moves by the U.S. Hong Kong braces itself...

The trade truce is off and has sent markets reeling. Squawk Box anchors digest the massive moves across asset classes after U.S. President Donald Trump loses patience with a lack of progress on trade talks with Beijing and slaps 10 per cent onto $300bn of Chinese goods. The Dow falls nearly 300 points and Asian equities follow Wall Street into the red as Chinese state media insists Trump’s move wi...

Will it be 'one and done'? U.S. stocks drop sharply as the Federal Reserve cuts rates by a quarter point for the first time since 2008. However, Chairman Jerome Powell suggests that this may not be the start of more easing to come, calling it a ‘mid-cycle’ move. The dollar jumps and the yield curve flattens on the news, but President Trump voices his disapproval of the decision. Bank ear...

This hasn't happened in more than a decade. Squawk Box anchors preview today’s blockbuster U.S. Federal Reserve decision with the central bank poised to cut rates for the first time since the financial crisis. Apple shares jump in after-hours trade as the tech giant beats expectations and returns to growth in the third quarter, but iPhone sales miss estimates. It’s also a big earnings day in Europ...

The focus today is on central banks with the Bank of Japan holding rates steady but markets anticipating a 25-basis point cut from the U.S. Federal Reserve. President Trump, however, insists that ‘a small cut is not enough’. Asian stocks move higher as trade talks between Washington and Beijing resume in Shanghai and earnings are expected from Chinese tech giant Huawei. Sterling plunges to a 28-mo...

The London Stock Exchange is set to expand its portfolio, confirming that it is buying data analytics platform Refinitiv for $27bn. In Asia, markets have been wary ahead of upcoming trade talks between Washington D.C. and Beijing with investors anticipating a rate cut from the Federal Reserve later this week. The unrest continues in Hong Kong with police firing rubber bullets and tear gas at pro-d...

A mixed session for Asian and U.S. stocks following concerns over central bank movements. The Federal Reserve is expected to be less aggressive next week but ECB president Mario Draghi has drawn the ire of the German banking association after he signaled a potential fresh round of stimulus. We discuss the market mood live at the first-ever Salzburg Summit. In corporate news, Amazon’s record profit...

It’s a massive day of earnings on both sides of the pond. Tech stocks lead the S&P 500 and Nasdaq to fresh peaks, while Facebook’s Q2 results fly in the face of recent regulatory concerns. Tesla, however, sees shares plunge as second-quarter earnings fall short of estimates. We also have quarterly results from Roche, Unilever, AstraZeneca, Anglo American, Valeo and Diageo. The euro hovers near...

Squawk Box anchors talk to Annette Weisbach about Deutsche Bank's bigger-than-expected second-quarter loss, as its major overhaul eats into the bottom line. Autos are another big theme on the show, as Daimler swings into the red in the period, while French rival PSA Group surprises to the upside. Overall, Chinese stocks follow Wall Street higher as sources tell CNBC that U.S. trade negotiators wil...

Earnings season heats up with Swiss bank UBS beating on the top and bottom line, delivering its best second quarter in 9 years. CEO Sergio Ermotti tells CNBC the strong performance comes despite interest rate uncertainty. Santander also tops forecasts but second-quarter profit drops on restructuring costs relating to Banco Popular. In the U.S., technology stocks rally ahead of key reports fro...

International strife in the Strait of Hormuz drives oil prices higher. The U.K. government calls the seizure of a British-flagged oil tanker by Iranian commandos ‘an illegal act’. Chinese technology stocks soar on their first day of trading on the STAR market, Shanghai’s new exchange is aimed at rivalling the Nasdaq. In Japan, the ruling bloc falls shy of a super-majority in Upper House elections....

Asian stocks get a boost at the end of the week following dovish comments from New York Federal Reserve president John Williams and Federal Reserve vice-chairman Richard Clarida about a possible rate cut later this month. Tensions in the Gulf bump oil prices higher following the taking down of an Iranian drone by a US Navy vessel. In corporate news, Microsoft shares soar to a record high following...

U.S. stocks hit reverse on July’s gains, with the S&P 500 putting in its worst day in three weeks. In Europe, earnings from Novartis, Alstom and SAP dominate the headlines, while Netflix shares sink after a big miss for Q2 subscriber growth. Facebook’s cryptocurrency Libra keeps finance ministers on edge at the G7 meeting in Chantilly, France. And Amazon shares come under pressure after the Eu...

A little way off record highs and a long way to go on a trade deal. U.S. stocks snap their winning streak as President Trump casts doubt on the progress of negotiations between the U.S. and China. Ahead of the G7 summit in Chantilly, France, Federal Reserve Chairman Jerome Powell reiterates that he will ‘act as appropriate’ to sustain the U.S. economic expansion amid increased global uncertai...

U.S. markets continue to break records but investors remain cautious about the health of the economy ahead of the upcoming earnings season. Facebook’s cryptocurrency Libra has come under more criticism, this time from U.S. Treasury Secretary Steven Mnuchin who has voiced concerns it could be used for illicit activities. In the UK, Tory Party leadership candidates Boris Johnson and Jeremy Hunt hard...