SQUAWK BOX, MONDAY 13TH JULY, 2020

SQUAWK BOX, MONDAY 13TH JULY, 2020

Risk-on appetite continues despite another record increase in global Coronavirus infections. U.S. case numbers alone rise to 3.3mn. The White House announces it will levy 25 per cent tariffs on French cosmetics and accessories if it fails to back down on its digital tax plan, but gives Paris 180 days to change its stance. In energy news, oil prices are under pressure on news that Opec+ could reverse their agreed record output cuts following an improvement in demand. And U.S. automaker Tesla decides to slash the cost of its recently released Model Y by $3,000 – this, despite the SUV earning the company its first profit in 17 years.

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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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