Squawk Box Europe Express

Squawk Box anchors discuss the slowdown in Chinese Q2 GDP – at 6.2% it’s the lowest quarterly growth in 27 years. In Hong Kong, protests flare up again with demonstrators demanding the resignation of city CEO Carrie Lam. AB Inbev postpones its Budweiser IPO blaming weak demand which, at $9.8bn, would have been the biggest listing this year. We’re also live in Dubrovnik where the IMF and Croat...

Another milestone for U.S. stock markets with the Dow breaching the 27,000 mark for the very first time, a day after the S&P tops 3,000.The Federal Reserve chairman Jerome Powell has kept July rate cut hopes alive, saying that the central bank would respond to increasing global risks. In addition, Powell voiced concerns over Libra during his Senate testimony while President Trump has...

U.S. equity markets hit fresh highs and the S&P 500 crosses the 3,000 level after Federal Reserve Chairman Jerome Powell sets the stage for an ‘insurance’ cut later this month. President Trump launches a probe into France's proposed tax on tech firms, sparking concerns the move could lead to more tariffs between the U.S. and Europe. And oil prices hit their highest level in six weeks as p...

Waiting for the Fed. Equity markets trade cautiously as central bank chairman Jerome Powell prepares to begin his 2-day testimony on Capitol Hill. Trade talks are back on, with a ‘constructive’ phone call between Washington and Beijing breaking the U.S.-China stalemate. Chinese factory inflation falls flat for the month of June following almost three years of unbroken growth, raising fears of...

‘The extradition bill is dead’. Squawk Box analyses the impact of the scrapping of the controversial Hong Kong legislation following months of protests and civil unrest. Shares in Deutsche Bank see red as investors begin to question the bank’s dramatic overhaul, with 18,000 jobs set to go in a €7.4 bn shake-up. On Wall Street, Apple shares sink after Rosenblatt Securities downgrades the stock, cit...

Deutsche Bank announces a radical overhaul, cutting 18,000 jobs and exiting its global equities sales and trading business. The German lender’s CFO James Von Moltke tells CNBC that this round of restructuring will be the last. A strong U.S. jobs report prompts investors to dial back on hopes of a Federal Reserve rate cut. However, the Bank of France governor tells this channel that the ECB may mov...

Samsung falls victim to U.S.-China trade tensions, warning second-quarter profits will halve after deliveries to the Chinese smartphone maker Huawei sink. Broader Asian equities stick to two-month highs while global bond yields hold near-record lows ahead of the release of U.S. non-farm payrolls data later today. Relations between Tehran and the West sour further following the seizure of an I...

The global bond market rally accelerates. Squawk Box anchors discuss the moves in fixed income markets. The U.S. ten-year yield hits a 32-month low while euro zone bond rates fall to fresh record lows, amid expectations that ECB President nominee Christine Lagarde will maintain the central bank’s dovish stance. White House economics advisor Larry Kudlow has signalled that U.S.-China talks will res...

Squawk Box anchors talk change at the top for the EU’s most important institutions. Christine Lagarde is nominated to become the next president of the ECB as EU leaders finally break the deadlock to agree on who will fill the the bloc’s executive positions. Oil prices fall despite an Opec+ deal to extend the supply cut. Secretary-General Mohammed Barkindo tells this channel that Russia is now an i...

The global rally loses steam after the S&P 500 closes at a fresh record high, following President Trump’s confirmation that new trade talks with China have already started. Calm returns to Hong Kong following violent overnight protests with demonstrators storming and vandalising the Legislative Council building. We are live on site as the clean-up operation begins. We’re also at the...

Chinese stocks and U.S. futures surge after Presidents Trump and Xi agree on a trade truce at the G20 summit in Osaka, calling a time-out on any fresh tariffs. President Trump also makes a historic visit crossing over the DMZ to meet North Korean leader Kim Jong-Un. We are live in Japan and at the World Economic Forum meeting in China with reactions from policymakers. Iran backs the Saudi-Rus...

CNBC confirms Chinese President Xi Jinping is ready to offer the U.S. a set of demands to conclude a trade deal which would feature lifting a ban on Huawei, while President Trump emphasises the importance of security in 5G. We are live at the G20 summit in Osaka, Japan, where bilateral meetings between the world’s top leaders continue. The enthusiasm for a trade deal, however, isn’t reflected in A...

Asian shares rise on a report that the U.S. and China have struck a trade truce ahead of a meeting between Presidents Trump and Xi at the G20 in Osaka, Japan this weekend. President Trump also boosts hope of a possible trade deal as leaders make their way to the summit. In Miami, Democrat presidential candidates face off in the first round of debates with healthcare, immigration and Trump’s e...

Asian stocks follow Wall Street into the red after U.S. Federal Reserve chairman Jerome Powell plays down expectations of an interest rate cut ,  saying monetary policy should not overreact to any individual data point or short-term swing in sentiment. Gold also climbs down from a six-year high. President Trump threatens Iran with "obliteration" after Tehran's president questions th...

Squawk Box anchors discuss the new wave of sanctions against Iran signed by President Trump, this time directly targeting the nation’s supreme leader, Ayatollah Ali Khamenei. We are live in Manama, Bahrain, where Israel and Palestine are sitting out a U.S.-sponsored peace summit with a $50bn economic package on the table. On the Chinese trade talks, President Trump signals he would welcome any out...

The U.S. prepares to unveil additional sanctions against Iran, ramping up tensions between the two nations. President Trump says he is not looking for war, while the U.S. envoy to Iran tells CNBC exclusively that the administration has not discounted further negotiations. On trade, China urges Washington to be open to compromise in upcoming G20 talks with Beijing as further Chinese tech firms...

The Squawk Box anchors discuss the latest escalation in tensions between Washington and Tehran, which sent oil prices sharply higher. President Trump reportedly approved military strikes against Iran but then backed down, according to the New York Times and the Washington Post. The reports, which both cite multiple officials, say Trump approved the moves in retaliation for Iran shooting down a U.S...

Squawk Box anchors discuss the U.S. Federal Reserve's dovish interest rate hold for June but the central bank signals more cuts could be on the way, as Chairman Jerome Powell flags concerns about the health of the U.S. economy. The decision boosts U.S. equity markets while the 10-year treasury bill slides below 2 per cent for the first time in three years. Renewed positivity regarding a U.S.-China...

Squawk Box anchors discuss the global stock market rally amid optimism for a U.S.-China trade deal after U.S. President Donald Trump confirms he'll meet with Xi Jinping at the G20 summit. Signals from the ECB that it is considering further easing also boosts equities and sends bond yields to near two-year lows, while investors await a decision from the Fed today. President Trump takes aim at...

Central banks take centre stage on Squawk Box, as ECB President Mario Draghi prepares to give his keynote speech at the ECB forum in Sintra, and the Federal Reserve begins its two-day meeting amid market speculation over whether the FOMC will consider cutting interest rates. Former ECB President Jean-Claude Trichet tells CNBC that the world’s two largest central banks should not be solely relied u...

Squawk Box anchors discuss the latest protests in Hong Kong as demonstrators take to the streets again, despite the city’s Legislative Council backing down and suspending the controversial extradition bill. We are live from the territory. Asian markets are mixed after chip-makers lead the way lower in the U.S. session on Friday and investors look ahead to the U.S. Federal Reserve’s decision on Wed...

Squawk Box anchors discuss the oil price rally following an attack on two tankers in the Gulf of Oman. The U.S. State Department points the finger at Iran, but Tehran denies the accusations. Asian equities are mixed, with more protests over a controversial extradition bill in Hong Kong planned over the weekend. In Luxembourg, European finance ministers meet with the soaring Italian debt under...

Squawk Box anchors discuss the economic battle lines on the trade front, after President Trump describes the atmosphere between Washington and Beijing as “testy”. We cross live to Hong Kong where government offices stay closed after mass protests against a controversial extradition bill turned violent. Asian equities move lower following back-to-back losses on Wall Street, while the oil price hove...

Squawk Box anchors discuss the on-going political crisis in Hong Kong where the Legislative Council has postponed debate over a controversial extradition bill in the face of mass street protests. China reports slowing factory inflation, however, consumer inflation is at its highest level for 15 months with food prices rocketing. In the U.S., the Dow ends a six-day winning streak, while President T...

Squawk Box anchors discuss the rally in Chinese stocks after another day of gains on Wall Street fuelled by optimism of a Fed rate cut and the U.S.-Mexico deal. However, President Trump keeps the threat of further tariffs hanging over Beijing should President Xi fail to attend the G20 in Osaka later this month. He also dangles the prospect of including smartphone giant Huawei in the trade negotiat...