SQUAWK BOX, FRIDAY 10TH JULY, 2020

SQUAWK BOX, FRIDAY 10TH JULY, 2020

Wall street divergence... The Nasdaq hits another record high as investors continue to bet on big tech stocks. The Dow and the S&P 500, however, slip into the red following a volatile session. The U.S. government sanctions top-ranking Chinese officials over allegations of human rights abuses against Uighur Muslims sending Chinese stocks lower, while Chinese banks brace for more restrictions from Washington following the introduction of Beijing’s controversial security law on Hong Kong. U.S. Treasury Secretary Steven Mnuchin tells CNBC that the White House and Congress are working to pass a new COVID-19 relief package by the end of this month, but warns it will not be as far reaching as earlier bills. And elections make headlines in Europe and Asia, with Singapore holding its general election amid a looming recession in the city- state while the Eurogroup chooses a new president to replace Mario Centeno.

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Jaksot(1821)

Trump slams Tehran's peace plan response

Trump slams Tehran's peace plan response

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Gilt yields hold high as election losses hit U.K.'s Starmer

Gilt yields hold high as election losses hit U.K.'s Starmer

U.K. stocks have dropped and gilt yields hold near multi-decade highs, after U.K. Prime Minister Keir Starmer and his Labour Party see bruising losses in local elections, with Farage’s Reform UK makin...

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Iran mulls U.S. proposals to end war

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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 ...

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Trump slams brakes on 'Project Freedom' as talks progress

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President Trump pauses the ‘Project Freedom’ operation after revealing that progress has been achieved on a potential deal with Tehran to end the conflict. U.S. Secretary of State Marco Rubio says reo...

6 Touko 25min

U.S. and Iran exchange fire in Strait of Hormuz

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The U.S.-Iranian ceasefire agreement is in danger of falling apart after Tehran targets ships in the Strait of Hormuz. The flare-up sees the UAE also engage Iranian missile and drone fire. Unicredit h...

5 Touko 24min

U.S. navy to guide stricken tankers through Strait of Hormuz

U.S. navy to guide stricken tankers through Strait of Hormuz

U.S. President Donald Trump pledges to help guide stranded tankers through the Strait of Hormuz, using as many as 15,000 troops and 100 aircraft. The European Commission is mulling a response after Pr...

4 Touko 26min

ECB, BoE hold rates steady in face of inflation threat

ECB, BoE hold rates steady in face of inflation threat

Both the ECB and the BoE decided to hold interest rates steady but warn that a June hike could be on the cards should inflation pressures connected to the Iran crisis escalate. The S&P 500 and Nasdaq ...

1 Touko 30min

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent surges to 4-year high as Trump eyes blockade extension, strikes

Brent crude oil hits a war-time record of more than $123 per barrel after Axios reports U.S. President Trump is to be briefed on potential further strikes on Iran after rejecting Tehran’s offer to re-...

30 Huhti 26min

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