Squawk Box Europe Express

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...

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...