Markets braced for Liberation Day

Markets braced for Liberation Day

The S&P 500 and Nasdaq are on track to post their worst trading week since September 2023 ahead of next week’s Trump tariff blitz on ‘Liberation Day’, April 2nd. Chinese President Xi Jinping hosts CEOs in Beijing in a bid to boost business ties and calls for trade dialogue with the U.S. We hear from Santander chair Ana Botin who calls U.S. tariffs as a tax on consumers and says that the levies will hit America harder than Europe. And in entertainment news, French gaming company Ubisoft secures a more-than-€1bn investment from Chinese tech giant Tencent to help back its largest franchises.

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Jaksot(1823)

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...

19 Touko 202028min

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