SQUAWK BOX, WEDNESDAY 3RD JUNE, 2020

SQUAWK BOX, WEDNESDAY 3RD JUNE, 2020

U.S. tensions continue with the Pentagon moving 1,600 troops to the Washington D.C. area in anticipation of more violence following the police killing of George Floyd. The U.S. government launches a probe into nine countries which are threatening to impose digital taxes on tech firms. Trade Representative Robert Lighthizer has warned that the U.S. will “take appropriate action to defend U.S. business”. In luxury news, LVMH is reportedly reconsidering its $16bn takeover of U.S. jeweler Tiffany, prompting shares to sink almost 10 per cent. In China, service sector growth has roared back, with the PMI hitting its highest level for a decade. However, unemployment also continues to rise. And in the UK, sterling rises on reports that London will compromise with Brussels on trade rules ahead of upcoming Brexit talks but concerns remain over financial access to continental markets.

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Jaksot(1821)

Trump deadline to reopen Strait of Hormuz ticks down

Trump deadline to reopen Strait of Hormuz ticks down

U.S. President Donald Trump has cranked up the pressure on the Iranian regime to strike a deal to reopen the Strait of Hormuz, threatening to target civilian and energy infrastructure should tonight’s...

7 Huhti 26min

Trump tells Americans Iran war due to end 'very shortly'

Trump tells Americans Iran war due to end 'very shortly'

President Trump addresses the nation and says the war in Iran is nearing its end but offers no hint of de-escalation, adding that the U.S. will continue to strike the country. Markets surge on the new...

2 Huhti 26min

Equities surge on renewed hops of de-escalation in the Gulf

Equities surge on renewed hops of de-escalation in the Gulf

Hopes of a de-escalation in the U.S.-Iran conflict help push all three Wall Street majors into the green with the Nikkei and Kospi leading Asian stocks gains. U.S. President Trump has indicated he is ...

1 Huhti 25min

Brent on track to post record monthly gains

Brent on track to post record monthly gains

Brent is on course for its biggest monthly gain ever but has dipped overnight after a WSJ report that President Trump could be willing to halt the conflict without reopening the Strait of Hormuz by fo...

31 Maalis 25min

Brent on course for record gains as Iran conflict enters fifth week

Brent on course for record gains as Iran conflict enters fifth week

Oil prices continue to surge as the Iran conflict enters its fifth week. Brent is set for its largest monthly gain ever with the Strait of Hormuz still largely closed. Asian markets are selling off wh...

30 Maalis 25min

Trump extends deadline to attack Iran

Trump extends deadline to attack Iran

President Trump extends his deadline for attacks on Iran's energy infrastructure until April 6th, as talks reportedly continue. The US leader insists Tehran is desperate to end the war, even as it rej...

27 Maalis 27min

Iran denies negotiations with U.S.

Iran denies negotiations with U.S.

Iran says it is reviewing a U.S. ceasefire proposal but firmly denies President Trump's claims that talks are underway with Tehran desperate to strike a deal. Stocks fall and oil rises as investors re...

26 Maalis 27min

U.S. government hands Tehran peace plan proposal

U.S. government hands Tehran peace plan proposal

The U.S. government has reportedly provided Iran with a peace proposal even though Tehran continuously denies direct talks are happening. President Trump voices optimism that a deal can be struck. Oil...

25 Maalis 35min

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