Iran mulls U.S. proposals to end war

Iran mulls U.S. proposals to end war

Iran says it is considering U.S. proposal to end the conflict as well reportedly begins talks to re-open the Strait of Hormuz and the future of its nuclear programme. President Trump is optimistic an agreement can be reached. European equities close more than two per cent higher on hopes of a peace deal while Wall Street sees fresh record highs. Meanwhile Asian markets continue the rally with the Nikkei leading gains following an extended national holiday in Japan. UK polls open with local, regional, Welsh and Scottish national parliament seats being contested. Investors eye UK gilts with yields at multi-year highs. Shell easily beats quarterly expectations, posting profits of $6.92bn versus expectations of $6.07bn. The oil major has warned of production impacts linked to the Middle East conflict.

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SQUAWK BOX, FRIDAY 29TH MAY, 2020

SQUAWK BOX, FRIDAY 29TH MAY, 2020

Talking tough… Asian equities fall, with the Nikkei retreating from three-month highs as President Trump says he is “not happy” with Beijing following its approval of a controversial Hong Kong securit...

29 Touko 202023min

SQUAWK BOX, THURSDAY 28TH MAY, 2020

SQUAWK BOX, THURSDAY 28TH MAY, 2020

Autonomy in question: The U.S. government declares it no longer considers Hong Kong autonomous from China in a decision that could end the territory's special trade status and further raises tensions ...

28 Touko 202025min

SQUAWK BOX, WEDNESDAY 27TH MAY, 2020

SQUAWK BOX, WEDNESDAY 27TH MAY, 2020

Crossing key levels… U.S. stocks rally with the Dow briefly topping the key 25,000-level and the S&P 500 surpassing 3,000 for the first time since March. Banks lead the strong moves higher, after JPMo...

27 Touko 202025min

SQUAWK BOX, TUESDAY 26TH MAY, 2020

SQUAWK BOX, TUESDAY 26TH MAY, 2020

A support system…the Nikkei rallies to a 10-week high after the Bank of Japan pledges to slash rates and increase asset purchases if needed, while the PBOC also vows to continue to support the Chinese...

26 Touko 202026min

SQUAWK BOX, FRIDAY 22ND MAY, 2020

SQUAWK BOX, FRIDAY 22ND MAY, 2020

Hong Kong havoc…protests erupt in the territory after Beijing announces it will be imposing new security legislation at the beginning of the National People’s Congress. The tensions prompt the Hang Se...

22 Touko 202025min

SQUAWK BOX, THURSDAY 21ST MAY, 2020

SQUAWK BOX, THURSDAY 21ST MAY, 2020

The Federal Reserve discusses using forward guidance and longer-term measures to support the damage to the U.S. economy, such as capping interest rates. However, Dallas Federal Reserve President, Robe...

21 Touko 202024min

SQUAWK BOX, WEDNESDAY 20TH MAY, 2020

SQUAWK BOX, WEDNESDAY 20TH MAY, 2020

Mixed messages…Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary give different assessments of the post-Coronavirus recovery in testimonies to Congress. But both defend their monetary...

20 Touko 202025min

SQUAWK BOX, TUESDAY 19TH MAY, 2020

SQUAWK BOX, TUESDAY 19TH MAY, 2020

President Trump threatens to withdraw the U.S. from the WHO after accusing it of mis-handling the Coronavirus pandemic and being China-centric. However, Beijing pledges an additional $2bn in funding f...

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